IT industry not creating new jobs, funds diverted to AI costs: Vembu

What this means for your job search: Expect a tighter job market for traditional IT roles, as companies are diverting funds towards AI and data center infrastructure. Emphasize any skills or experience in AI, machine learning, or cloud technologies to align with current investment priorities. Zoho founder Sridhar Vembu says AI and rising data centre costs are limiting IT hiring, with funds shifting from new jobs to technology infrastructure