Outsourcing to cut 10% IT jobs in US: Gartner (mega-trend)

[LauraK]

MUMBAI: Research firm Gartner on Tuesday said that 10% of the IT professionals working in IT services firms in the US will lose their jobs to the global offshore outsourcing business by the end of ?04. However, these are rough estimates and do not take into account IT jobs that will be lost in firms which are not providing services. These jobs will be lost, as offshore outsourcing has become a business reality and a ?mega-trend?, Gartner officials said. They will be shifted and sent offshore to countries such as Russia, China, Philippines, and India.

Gartner also said that offshore outsourcing happens to be the fastest growing IT industry segment. A compounded growth of 29% in offshore IT services and 68% in offshore BPO from ?02-07 has resulted in increased offshore outsourcing. Offshore outsourcing, one of the few markets to attract venture capital and private equity funding, is an irreversible mega-trend, Rita Terdiman, Gartner, VP & research director (offshore sourcing), said.

With large vendors realising the cost arbitrage and expanding presence here, the destination is bound to gain visibility globally, rather than being considered a place only for Indian vendors.
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[Ellen Forradalom]

1. We can expect to see more messages like this in our software

[JoeMemphis]

2. Why haven't the Democratic candidate addressed this?

It's a vote-getter, esp. among many IT workers who feel short-changed by the * Administration.

[I AM SPARTACUS]

3. so...into how many jobs does that translate? Should be a great Xmas...

...for the IT world (and the whole US) if this is true for 2004 as the article describes...