Sridhar Vembu, CEO of Zoho, criticized rival Freshworks for laying off 660 employees despite having over a billion dollars in the bank, arguing that companies should prioritize their workforce for long-term success. He highlighted the importance of taking care of employees, contrasting successful firms like Nvidia and AMD with Intel's focus on Wall Street, and questioned the current state of capitalism in the U.S. Vembu emphasized that true capitalism involves caring for one's people, urging against adopting a flawed financial system.
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