Infosys CEO confirms no job cuts in view amid broader tech layoffs in industry

Infosys CEO Salil Parekh reassured that the company has no plans to cut jobs, despite significant layoffs in the tech industry due to advancements in generative AI (GenAI).

In a recent interview Parekh emphasised that Infosys will not follow the trend of downsizing.

Parekh outlined Infosys' strategy for integrating various technologies, including GenAI, within the organisation. 

He believes that technological advancements will create new opportunities rather than eliminate existing jobs.

Infosys plans to continue hiring and developing expertise in generative AI to better serve global enterprises.

Infosys recently issued performance bonuses to its employees. 

However, a recent report highlighted a reduction in the average payout for the fourth quarter.

Employees at band six and below received quarterly performance bonuses for January-March, but the average payout dropped to 60 percent from 73 percent in the previous quarter.