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As the global economic downturn becomes ever more turbulent and India-based legal process outsourcing providers report increasing workloads, many are predicting they will have to raise staff levels to see them through this era and beyond.
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Head of Gecad: Financial crisis will lead to snowballing collapses in Romanian IT industry
October 14, 2008 No CommentIT companies in Romania might face serious defaults because of the financial crisis, as many clients will cut budgets on IT, and Romanian IT industry is likely to drop 20-30%, Radu Georgescu, chairman of Gecad group stated for Wall-Street.
Continue reading In one respect it has been a record couple of weeks for “outsourcing”. Around the world, governments and taxpayers have agreed to help ailing financial firms offload their toxic loans and resolve their liquidity worries.
Continue reading he ongoing credit crisis is a concern for everyone in nearly every industry-fear of lost jobs, foreclosed homes and bankrupt businesses.
Continue reading India’s IT and BPO industry generates around $40 billion annually, though the current financial crisis will slow down their growth targets, they hope to see more opportunities in the long run as the western companies want to cut cost by sending work to India
Continue reading The global economic meltdown forced Asian outsourcing firms to rethink their investment and company strategies, as their respective government and financial institutions try to shield them from any adverse impact.
Continue reading Dallas – In the medium-to-long term, the sub-prime crisis will accelerate global sourcing adoption as financial institutions push the envelope on offshoring to cut costs, according to Dallas-based Everest Research Institute.
Continue reading For outsourcers the outlook is quite grim as some of its customers, like Lehman Brothers, are no longer around, said a partner at one firm.
Continue reading In the medium-to-long term, the sub-prime crisis will accelerate global sourcing adoption as financial institutions push the envelope on offshoring to cut costs, according to the Everest Research Institute.
Continue reading From the beginning of summer 2008 there has been a slew of bad news in US that caused ripple effects across the globe.
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