Offshoring's Toll: IT Departments to Endure Jobless Recovery Through 2014

Wednesday Nov 17th 2010 by Staff

A new report says offshoring will eliminate 1.3 million jobs, the largest percentage of them in IT, before 2014.

ZDNet: Research firm Hackett Group has released a report which says that offshoring has eliminated 1.1 million jobs in IT, finance, HR and procurement since 2008. In addition, the firm predicts the loss of an additional 1.3 million jobs before 2014. The IT department has been and will continue to be the hardest hit by these job losses until 2014, when finance job losses are expected to take the lead.

According to the report, "While the reductions were accelerated by the recession, they were driven largely by a structural, longer-term trend of ongoing innovation in companies’ Service Delivery Models, maturation of offshoring options, and increasing levels of automation."

Mobile Site | Full Site
Copyright 2017 © QuinStreet Inc. All Rights Reserved