Linux Today: Linux News On Internet Time.

1 in 4 IT Jobs Done Overseas by 2010

Dec 20, 2008, 16:03 (8 Talkback[s])
(Other stories by Allen Bernard)

"It's not surprise then that as the economy crumbles, the Global 1000 are going to do everything they can to cut costs. Because, with credit markets at a near stand still, cash is king and the only place to get short term cash if no one is buying is through savings. According to new research from The Hackett Group, part of this savings is coming through labor arbitrage. Global 1000 companies are significantly accelerating their movement of back office jobs to India and other low cost labor markets offshore.

""That's not something we hear all the time," said study author and Hackett Group Senior Research Director, Eric Dorr. "Far from it ... we feel there is some serious belt tightening going on; including the IT function.""

Complete Story

Related Stories: