Infosys CEO Salil Parekh has ruled out layoffs at the Bengaluru-headquartered IT services firm, even as artificial intelligence continues to reshape the global technology services landscape and several peer companies announce significant workforce reductions.
Speaking in an interview with Moneycontrol, Parekh said the company does not foresee any job cuts in the near term and is instead doubling down on hiring and reskilling. “We have not done any layoffs in the last year, and we don’t see anything of that sort coming up,” he said. The CEO also confirmed that Infosys plans to onboard 20,000 fresh graduates this year, signalling a hiring-led approach at a time when most rivals are restructuring.
Parekh pushed back on the view that AI would erode demand for talent, describing the shift as structural rather than existential. He added that engineers at the firm are being trained to work both with and without AI tools, so they can use and validate outputs generated by foundational models. “There is also more attention to deep individual knowledge and becoming a subject matter expert,” he said, indicating that generalist roles may evolve into more specialised functions over time.
AI currently accounts for about 5.5% of Infosys’ revenue and is growing rapidly, Parekh said, calling it a key growth driver for the coming years. To support this push, the company is deepening partnerships with OpenAI and Anthropic, and rolling out internal platforms such as Topaz Fabric to scale AI-led development across client projects. Infosys reported a 20.8% year-on-year rise in consolidated net profit to ₹8,501 crore for Q4 FY26.
Infosys’ position stands in sharp contrast to the wider IT services industry. Tata Consultancy Services laid off around 12,000 employees in 2025, while Cognizant has announced plans to cut roughly 4,000 roles, or about 1% of its workforce. Oracle has reportedly reduced its workforce by nearly 19%, and Amazon has laid off hundreds of employees in India. Globally, over 30,000 tech job cuts were announced in the first two months of 2026, with India recording the highest numbers in Asia.
