Infosys CEO Salil Parekh Addresses AI Tools Impact on Engineering Jobs: A Gradual Transformation, Not an Overnight Shift

Software engineers can relax as their jobs are safe, despite the rise of AI, according to Infosys CEO Salil Parekh. In an interview with the Economic Times, he emphasized that while AI will impact IT services, the Indian IT industry, valued at $1.5 trillion, is projected to thrive alongside a growing AI services market of $300-400 billion by 2030. Parekh discussed the necessity of coexistence between old and new technologies, asserting that engineering expertise will remain crucial for seamless integration. He noted an improving business environment in the US, which is fostering optimism for growth. Infosys continues to hire actively, planning to recruit 20,000 college graduates this year, ensuring ongoing employment amidst technological advancements. The company is also investing in innovations, particularly in AI, by building agents and modernizing legacy systems. Ultimately, Parekh sees significant opportunities in AI services driving future growth for Infosys.

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