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Zoho Founder Criticizes Freshworks' Layoffs and Buyback Amidst Profitability

  • Zoho's Sridhar Vembu criticizes Freshworks for layoffs and stock buyback despite having $1 billion cash.
  • Vembu questions Freshworks' lack of vision to invest $400 million in new business lines.
  • Freshworks announced layoffs of 660 employees, a move that boosted its shares by 28%.
  • Vembu emphasizes Zoho's commitment to customers and employees over shareholders.
  • Freshworks and Zoho have a history of conflict, including a lawsuit over stolen confidential information.

Source: Moneycontrol

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The employee is in for a world of pain But the company probably did something to piss the employee off so bad, ...

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Every senior leader who quits and join another company does this. People hire from the competitor for their knowledge.

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