Archive for January, 2009

Europe overtakes US in outsourcing

Latest research finds Eurozone ahead of US in contract volume. Plus, 2008 was a record year despite recession onset.

European companies signed more new outsourcing contracts, with a greater combined value, than those in the US for the first time in 2008, according to a new report from outsourcing analysts TPI.

Private sector companies in the Eurozone signed 271 outsourcing contracts in 2008, compared with 243 in the US, the TPI Index found.
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January 27th, 2009

Layoffs, Company Closures, Outsourcing, Cost Cutting, and Returning Retirees Dampen IT Salaries Says Janco

Janco Associates has just released its January 2009 IT Salary Survey and the prospects look grim for IT professionals. A perfect storm driven by the recent worldwide economic downturn, company closures, layoffs, cost cutting, outsourcing, and retirees who have had to return to the job market because of the lost value of their investment portfolios have created a surplus of IT talent. The CEO of Janco Associates, Victor Janulaitis, said, “The job market for IT professionals is one of the worst that I have seen since the late 1970s. There is a surplus of IT talent and companies are in a cost cutting mode. The dot com bubble was a cake walk compared to this job market.”
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January 6th, 2009

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