Infosys will not lay off employees despite AI adoption: CEO Parekh

Infosys will not undertake layoffs despite the rapid rise of AI, CEO Salil Parekh said. "We haven't done any layoffs in the last year, and we don't see anything of that sort coming up," Parekh said. AI will expand the scope of work rather than shrink it, even though the nature of entry-level roles is set to evolve, he added.