Infosys not planning mass layoffs: CEO Salil Parekh clears the air as TCS set to fire 12,000 employees

Infosys has no plans for mass layoffs, its CEO Salil Parekh confirmed in an interview with the Times of India, a stance that stands in sharp contrast to the recent workforce cuts at competitors like Tata Consultancy Services.

Parekh credited the company’s stability to “strategic investments in AI and reskilling its workforce,” which he said have allowed Infosys to “stay slightly ahead.”

This strategy is backed by a robust hiring plan, as per the tech giant’s CEO. Parekh revealed the company has already made over 17,000 gross hires in the fiscal first quarter and is aiming to bring on approximately 20,000 college graduates this year.