Zoho CEO Shridhar Vembu exposed the real cause behind the Software Job’s struggle.

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AI is not responsible. Decade’s built-up inefficiencies are the root cause.

VC, PE, and IPO money led to a Massive over-capacity Software Enterprise.

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Software giants used aggressive marketing to spread fear and uncertainty, resulting in growing it budgets.

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Western enterprises outsourced to India, multiplying inefficiencies! To “get more done,” more people get hired.

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Indian built efficient IT systems due to budget obstacles, instead of bloated Departments of  Wests.

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The inefficiencies are now facing a reckoning, as money funded these Inefficiencies is drying up.

AI can eat boilplate codes, offering 10%-20% productivity gains. Not yet to destroy jobs on a vast scale

He says, “Decades of built-up inefficiencies are causing a major software job slump, not just AI.”

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