Infosys targetting everything to be AI-first, hiring to support guidance: CEO Salil Parekh amid TCS layoffs

IT major Infosys will continue to hire in order to support the growth guidance, and will develop everything inside the company to be ‘AI first’, Salil Parekh, the CEO said on July 30 in response to Nasscom’s warning of job cuts in the sector.

Infosys’ staffing outlook comes amid a significant layoff announced by rival Tata Consultancy Services (TCS).

"Our view is to make everything inside Infosys AI-first," Parekh told CNBC-TV18 during an interaction, while commenting on Nasscom’s warning of more job cuts across Indian IT due to the AI-led disruption. “Large companies worldwide are more and more using technology. Infosys has depth in the industry, and in tech,” he added.

When asked about the layoffs at TCS, Parekh said that Infosys will continue with its hiring plans. “If you look at the same year last year, we are about 8,000 more employees that we were at that time. This year, we have a growth guidance of 1-3 percent, and we will continue with the recruitment in support with the growth guidance,” Parekh said. Infosys plans to add 20,000 college graduates during the entire year, the firm’s top executive said.