Salil Parekh, Chief Executive Officer and Managing Director of Infosys, has definitively asserted that the prominent IT services firm will not engage in layoffs, despite the burgeoning integration of artificial intelligence across the sector.
In a recent dialogue with Moneycontrol, Parekh underscored the company’s strategy to traverse the shifting landscape of AI through steadfast recruitment practices and extensive reskilling endeavours, rather than diminishing its workforce.
While numerous global competitors have undertaken restructuring or reductions in staff due to escalating automation, Infosys has notably refrained from such measures in the past year, and Parekh does not foresee any imminent layoffs.
Commitment to Campus Recruitment
In a striking departure from the trend of reduced entry-level hiring prevalent in certain tech spheres, Infosys is poised to sustain its recruitment cadence.
The firm anticipates welcoming around 20,000 new graduates this year, aligning with its campus recruitment figures from the preceding year.
Parekh articulated that, although the specific characteristics of entry-level positions are transforming in response to automation, the overarching demand for talent remains robust, fueled by AI’s capacity to engender novel opportunities and necessitate new skill sets within the organisation.
AI as a Growth Catalyst
Contrary to perceptions of AI as a potential risk to employment stability, Parekh contended that this technology will, in fact, broaden the horizon of opportunities within the IT services domain.
He posited that AI-driven expansion would empower the company to undertake more intricate projects, thereby necessitating a workforce that is both technically adept and amenable to emerging tools.
Focus on Reskilling
To underpin its AI-centric strategy, Infosys is intensifying its commitment to reskilling its current workforce.
By equipping employees to collaborate effectively with AI technologies, the organisation aims to enhance productivity and service quality, ensuring that its human capital remains intact.
This dual strategy of hiring and reskilling is meticulously formulated to position the Bengaluru-based enterprise advantageously within the burgeoning AI marketplace.
Source link: Latestly.com.
