It must give at some point. Cheap labor may turn out not to be cheap (for all the cost that inexperience may accrue), reorg may turn out to be very costly for the lack in productivity, time it takes for things to settle down, incompetent mgmt dealing with restructuring, future inability to attract competent and talented workers, to list just a few. Not that I care, but I wonder.
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Our dept has been doing thousands of hours of work to fix reference data sc--wed up from the last offshoring, with many thousands of hours left before it’s finally cleaned up. Will take years to complete … years we thankfully won’t be here for.
The people making these decisions will not feel what our hourly employees are feeling now. If this all falls apart they move on to another corporate position with another business.
I am hearing that for every one person they fire from Gracenote, they have to hire 2 to 3 people in Mumbai to do that one person's job. This is going to be disaster and I am so here for that. Fu-k Corporate America.
Cheaper labor in this sense, we have already seen. People are nice, but skillset they say they have on resume is not actually true so they need hand-holding. Also, they have no ownership of their deliverables since they are short-timers. They take shortcuts and create software that must be refactored.
Why do you assume that cheaper labor is worse labor? Is there anything special about what you do that can't be outsourced?
Yes, I can speak native, unbroken English to the ad account executive in New York who just spent over $150K on one study.
OP - How do you think it will turn out for the investors?
They are quickly increasing the profit margins by going offshore.
The investors pocket the added profit and use the new margin to sell new debt.
The new debt will be sent to the investor as a payment.
The investor is the only stakeholder that matters in this model.
who let the executive team into the comments
Why do you assume that cheaper labor is worse labor? Is there anything special about what you do that can't be outsourced?
It's going to sink the company.
Karthik, and the rest of the people running this ship into the iceberg are the types who know the cost of everything, but the value of nothing.
You can't just remove decades worth of collective knowledge and experience in a few months, replacing them with poorly trained noobs from overseas and expect anything less than catastrophe.
Seems like its gonna be a disaster. Things are already falling apart even with experienced people working on them.
you wonder????? , another person stuck in the past. this ship has sailed without you go create a life for yourself and stop looking in the rear view mirror.
they dont care what you wonder or think.