Recently, Sridhar Vembu announced that his company will not be giving salary hikes to employees this year (Express Image)
Zoho founder Sridhar Vembu warned that artificial intelligence (AI) could allow a single person to perform work that would traditionally require 10 employees, highlighting the shift in the way computer-based jobs are performed.
In an X post, Vembu wrote, “Any job performed on the computer has this risk now: one smart person using AI can perform the work of 10 people.”
“The risk is getting ever more real,” he added.
AI-driven productivity
However, Vembu cautioned against interpreting this as a prediction that 90 per cent of people working on computers would lose their jobs.
“Industries that previously could not afford to hire software engineers or digital marketers could afford them now, for example,” Vembu explained.
He said AI-driven productivity gains could create opportunities in industries that previously could not afford to hire professionals such as software engineers and…