Out sourcing seems to be just as common a topic lately as the rising of gas prices. While companies are finding it pocket savvy to outsource some of their operations, Americans are feeling the pressure as more jobs are lost. Wanting to advance their business is a prime reason for companies to outsource.
Some of the positives to outsourcing would be that companies are able to focus on the important aspects of the business while outsourcing some of the operational tasks. Again, it can be cost beneficial to the company as well, this alone could be the deciding factor. If the jobs are outsourced within the U.S. then this would be beneficial in the creation of more jobs.
Some of the negatives could be the language barrier. If a company is outsourcing part of their operation oversees there could be the issue of a breakdown in communication. Another negative would be the loss of jobs within the company.
Most recently State Street Bank cut 558 positions within the company targeting their IT operations as part of a restructuring process. I have included the article explaining the details.
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