TCS, Infosys, MindTree, HCL and other Indian IT companies to suffer as angry America wants its jobs

[OhioChick]

Source: Economic Times of India

10 Aug, 2011, 06.45AM IST

BANGALORE: Some American corporations are retaining a small, but highly-prized slice of software jobs at home, mindful of the record unemployment levels and the anger among locals who see work being shipped overseas.

For Indian software providers such as TCS, Infosys and HCL, such a development - it is not expected to become a mainstream trend - could chip away a fraction of new jobs that could have been offshored to them. In an interview with Bloomberg on Monday, Charlene Begley, chief information technology officer of GE, said his company was rethinking the strategy of outsourcing more than half of its IT work.

Already, GE has announced plans to add 15,000 jobs in the US over three years, 1,100 of which will be at the Detroit IT centre. Walmart has also decided to drive the development and design of its ecommerce platform from a new centre in Brisbane, California.



Read more: http://economictimes.indiatimes.com/news/news-by-industry/jobs/tcs-infosys-mindtree-hcl-and-other-indian-it-companies-to-suffer-as-angry-america-wants-its-jobs-back/articleshow/9546753.cms

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Snip: "Walmart will not open its own captive technology centre in Bangalore, a person familiar with the retailer's decision said last week. In the latest job posting on its website, Walmart has advertised nearly 150 new technology jobs in Bentonville, Arkansas. "Some of this, let's say at least a quarter of these, could have easily been managed out of a captive centre Walmart was evaluating to open in India," the person said."

[ChromeFoundry]

1. Didn't see this coming?

I'm shocked that the citizens didn't wake up with outrage long ago. Seems it takes a "dire crisis" in the headlines before people start to realize how much garbage these corporations have been pushing on us, and how the government is only there to serve the corporate greed as it redistributes the taxes to the wealthy.

[JoeyT]

3. Took upper middle class jobs being outsourced.

When I used to work in IT back when manufacturing was what was being outsourced I regularly heard that it was the most awesome thing in the world from the libertarian IT guys. Cheap goods with no downside! The Invisible Hand (Praise it. PRAISE IT!) provides for all. The tune changed rapidly when their jobs got outsourced.

Turns out the same people that had no problem shifting $15.00 an hour manufacturing jobs to China where they could pay $1.50 an hour had absolutely no problem shipping $60-80k a year IT jobs to India where they could pay $10k a year. Should be a no brainer, but it came as a hell of a shock to a lot of people.

[Cherchez la Femme]

2. They suffer as America wants it's own jobs

:rubbing eyes: