Why and how outsourcing hubs like India may lose some jobs due to global layoffs

There may be some silver lining in all the global economic gloom for techies in India. According to a report in Economic Times, quoting sources, some 30-40% of the more than 300,000 technology jobs lost to layoffs globally could move to outsourcing hubs like India in the coming months. The report added that a lot of these jobs are likely to be redistributed across the existing workforce of large tech companies in India.

India may be the “biggest gainer”

“India is going to be the biggest gainer in the medium to long term, as almost every company that we speak to is looking at expanding its India base,” Sanjay Shetty, director-professional search and selection, Randstad India, told the publication.