Layoffs will be the absolute last thing at Zoho, it destroys loyalty: CEO

Software startup Zoho's CEO Sridhar Vembu said that layoffs will be the "absolute last thing" that the company will ever consider. "It kind of destroys loyalty...If we want our employees to be loyal, we have to be loyal to them," the billionaire explained. Vembu further said that even when the times are tough, the company needs to retain its talent.