With the global outsourcing market shrinking the rush for outsourcing where labor is available for cheap seems to have eased down. It is being expected that the rashness with which these outsourcing companies were recruiting would cool down. So does this mean that in the developed countries the rate at which the jobs were being slashed would slow down?
If this happens then it would certainly aggravate the unemployment problems in developing countries such as India which faces continues to face unemployment problems.
The next question is whether outsourcing boom would go bust just like the internet boom? Let us see what fate has in store for the outsourcing sector?
