Infosys eyes acquisitions; CEO Salil Parekh says ’no layoffs due to AI focus’. Full report here

Infosys Ltd. is looking to acquire more companies operating in data analytics and software-as-a-service (SaaS), as generative artificial intelligence (AI) is fueling clients’ strong interest, reported PTI, quoting Salil Parekh, the chief executive officer (CEO) at Infosys.

The IT giant head also said that he does not foresee any layoff in the company on this new-age technology’s (AI) account, reported the news agency. The company may look at some areas within Europe or the United States, according to the executive quoted in the report.