Infosys CEO Salil Parekh Announces No Layoffs from GenAI Impact; Discretionary Spending Unaffected

The CEO of Infosys, Salil Parekh, has assured that the company will not be implementing any tech layoffs as a result of adopting generative AI (GenAI) and is prioritizing growth and efficiency instead. In a statement to CNBC-TV18, Parekh emphasized Infosys’s stance against rightsizing or downsizing due to technological advancements such as GenAI, distinguishing the […]