The collapse of Wall Street may prompt financial services firms to increase their use of offshore outsourcing and cut more jobs in the U.S. on top of the layoffs they have already announced.
And that job cutting will happen even with a taxpayer-backed $700bn bailout. These firms will be under too much pressure to cut costs, and offshore outsourcing will be one way to do it, according to outsourcing consultants.
Source: Computerworld, http://computerworld.com