Infosys CEO confirms no layoffs due to GenAI; discretionary spending remains unchanged

Infosys CEO Salil Parekh has confirmed that the company has no plans for job cuts, such as rightsizing or downsizing, due to the adoption of generative AI (GenAI). Speaking to CNBC-TV18, Parekh stated, “Infosys is not looking at rightsizing, downsizing, or any kind of job cuts as has happened with others in the industry due to GenAI.”