India, April 14 -- Zoho has rubbished an anonymous post claiming 300 employees were laid off without warning. This anonymous allegation, which first surfaced a day ago on the Blind app, hit a sore spot for Zoho - the Indian multinational technology company prides itself on a 30-year 'no layoffs' streak.

Zoho told HT.com in an emailed statement this evening that its 3-decade no-layoffs streak remains unbroken.

Zoho did not lay off employees during the Covid pandemic of 2023, nor during the AI race which began in late 2023. Zoho co-founder and then-CEO Sridhar Vembu also confirmed in 2023 that his company has no plans to lay off employees even amid slowing revenue growth.

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