Infosys CEO Salil Parekh has confirmed that the company has no plans for layoffs due to the adoption of generative AI.
In an interview with CNBC-TV18, Parekh said: “Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in the industry due to GenAI.”
Parekh said Infosys sees technological advancements as opportunities for expansion and growth, not as reasons to reduce its workforce.
Unlike other companies that have cited AI efficiencies for reducing headcounts, Infosys uses GenAI to enhance operational efficiency and reduce costs without compromising employee numbers.
Several global technology firms, including Twitter, Meta, Amazon, and Google, have announced layoffs attributed to AI or GenAI integration.
These companies have partially justified workforce reductions by pointing to the efficiencies brought by new technologies like AI.
Infosys is actively investing in training its workforce in GenAI.
Parekh highlighted Infosys’s commitment to upskilling its employees in generative AI.
He said: “Six out of every eight Infosys employees are getting trained in different aspects of generative AI.”
This approach ensures the company is prepared for future technological advancements while maintaining its workforce.
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Regarding hiring plans, Parekh mentioned that Infosys maintains an agile hiring model.
He said: “We see hiring come back as the economic environment improves and spending on digital transformation picks up.
“We have not shared an annual target on hiring and will remain agile based on the economic environment.”
This statement comes after Infosys reported a year-on-year decline in its headcount for 2024, marking the first such decrease since 2001.
The company saw a sequential reduction in its workforce over the last four quarters, reflecting broader industry trends.
