'Don't foresee layoffs within Infosys from new-age tech'
The Free Press Journal|August 26, 2024
Infy CEO says GenAI is evoking strong interest from clients
'Don't foresee layoffs within Infosys from new-age tech'

Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these newage technologies.

On the USD 3.9-billion GST tax demand, Parekh said Infosys has already given out updates and made disclosures in the market (through BSE filing) and has no further update to share.

"We have no new update.

The status is as it was in terms of what we shared externally a few days ago," Parekh said when asked if the company will be making provisions for the same, given the demand in back taxes dating back several years.

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