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Companies Rush to Send Jobs Offshore : No wonder enrollments in computer science university courses are tumbling. No doubt the savvy students have heard whispers about companies like NeoIT and have decided there is no future in IT in the US.

NeoIT? advises companies on how to relocate outside the US a wide range of their IT tasks, from network management to transaction processing. Last year, NeoITís fees were 275 million dollars. This year, it surpassed that figure in less than three months. Obviously this is not good news for IT employment. Research company Forrester estimates that 3.3 million service-sector jobs will leave the US for India, Russia, China and the Philippines over the dozen of so years. Associations representing software engineers and the like are angry but at least one industry watcher believes that companies have panicked because of the economy and that all but routine software jobs will return to the US. "Companies aren't thinking through whether long term this is going to be a viable business strategy. It's not easy communicating and coordinating with people of other cultures and other places," University of Southern California business school Professor Ravi Kumar opined to the San Francisco Chronicle.


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(last edited June 17, 2003 by Kishore Balakrishnan - @bekishore - Contact for feedback and suggestions) [info] [diff] [full] EditText of this page

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