Infosys CEO: No Layoffs Foreseen, 'Growth is Back

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Infosys CEO Salil Parekh noted that generative AI is generating significant interest from clients, and there is a substantial mobilization of GenAI within the company. However, he emphasized that layoffs due to new-age technologies are not anticipated. Regarding the USD 3.9 billion GST tax demand, Parekh mentioned that Infosys has already provided updates and disclosures in the market and has no new information to add.

There isn’t a fresh update. When asked if the company would be making plans for the same, he responded, “The status is what it was in terms of what we provided externally a few days ago.

Salil Parekh stated that generative AI is being well received by clients and compared it to the adoption curve of digital and cloud technologies in the past. He believes that as businesses realize the advantages and business consequences of generative AI, adoption of this technology will rise over time.Read More-https://voiceofentrepreneur.life/