Warning bells of economic uncertainty, by sridhar vembu.
Thoughts?
Qwerty2398
Stealth
a year ago
Yeah.. mid yeat bonus time.. so obviously the economy has slowed down. I thibk it will pick up after oct. Next slow down will come around april next year. This is cyclical.
Any time now a ceo/md will come and say we need to work twice as hard inorder to survive this , " perform or perish".. etc.
Since y2k, the end of world has become a cliche.
I think many employees and teams will have access to the numbers that Sridhar is mentioning so it might not be so easy to just lie about them.
Qwerty2398
Stealth
a year ago
I do agree. Compared to other suits, this guy is much more reasonable. But the consistency of lies peddled by the cxos have made me cynical.
But yes, thes guy usually is carefull in uttering such things. So guess there is slowdown.
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AfraidTune41
Stealth
a year ago
He is a pessimist, he says like this to retain the employees of Zoho and make them stay in that company for a longer time. He has been saying this for the last 5yrs. Nothing happened as such.
Punter17
Stealth
a year ago
Zoho if I am not wrong actually pays well! Since they hire only Tier2/3 colleges the payscale they offer is actually 4X the market
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Same situation for my employer too. Revenues are down globally by a significant margin.
Different people, different opinions. Very hard to predict about the future which depends on hell lot of factors.
mrityu
Stealth
a year ago
Theres no downturn when elections are a stone's throw away.
mrityu
Stealth
a year ago
That too of India and the US. Come on.
He has been saying this for past 5 years I remember. I worked there for two and half years in Zoho as technical support. Everytime he always speaks about bubble burst asks us not to get debt ridden live in a simple manner. But I say, it is like what may come in future go full on having good financial discipline. Predicting this will happen or that will happen no one can know. Also, Zoho is a terrible place to work with politics under sky high. He is also ultimately a corporate guy where managers of team make the life of every employee pity. Glad I am out of Zoho and all the comfort zone it provides. It is better to be king outside rather than licking shoes inside Zoho.
The economy would only go back to normal when inflation cools down, and US federal reserves bring down interests rate back to ~ 2%. Now, the interests rate is near 6%, and it makes a lot more sense for investors to just put the money in safe government bonds rather than risky investments like start-ups.
Brutallyhonest
Stealth
a year ago
Hmmm, time will tell. But shit has hit the fan for sure
I came on Grapevine to look for reactions on this comment from Sridhar, and you guys already have it. Super
Whiteswan
Stealth
a year ago
Tired of this corporate drama prince and his politically driven posts.
Yes there seems to be something wrong going on, the number of job postings in August September dropped by a ton and now if you see at September End/October start the job postings have increased. The big firms now need to pump in money or else the very engine that they use to drive their engine is going to fail.
It'll be all hunky-dory in a quarters time, bond market yields are already hinting rate cuts, tech stonks will perform next 🚀
Chamath P - has been talking about recession and what not, since covid.
Nothing happened yet.
This is absolutely random. Zoho growth slows so that somehow translates into a global slowdown!! Nevermind the better and cheaper products out there for SMEs.
He is correct folks. Treasury yields are rising in US and subsequently in Eurozone and couple this with QT. If rates will be kept this high for 1 year or so, forget about business bankruptcy will follow.
So, till 2021, rates were practically nothing so there were significant liquidity available, which companies used for CAPEX expansion. But now, that free money has gone and consumers (Demand side of story) isn’t that much enthusiastic.
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