US layoffs, slowdown: Realty firms see more outsourcing to India, higher demand for offices

With the spate of layoffs by the likes of Google, Microsoft, Boeing and so on, and looming recession in the US, the country’s top office developers believe that outsourcing to India will increase and the demand for office properties will improve this year.
Google recently sacked 12,000 staffers across verticles and so did American tech giants Microsoft and Amazon, which laid off a cumulative of 28,000 people.