IBM, Accenture to Move Jobs Offshore

IBM is planning to move roughly 4,730 programmers to India, China and other offshore locations. The company has notified its managers of the plan, which mainly will affect workers in Connecticut, New York, North Carolina and Colorado, according to The Wall Street Journal. Another 3,700 jobs have been identified by IBM as "potential to move offshore."

Article Tools

Latest News

More Latest News

In addition, computer services firm Accenture reportedly plans to double its current workforce in India. The company will add 4,700 jobs to its India-based staff of 4,300 over the next 12 months.

Real estate economists are becoming increasingly concerned about firms such as IBM sending thousands of jobs offshore. In fact, International Data Corporation recently estimated that within four years, 23% of all information technology jobs will be offshore. Only 5% of those jobs are offshore today, so the projected annual increase of more than 4% through 2007 is staggering.

Gains or declines in job growth are leading indicators for the office and multifamily sectors. As landlords of both property types gear up for a recovery, job losses to foreign markets only stand to delay sector recoveries.


Acceptable Use Policy
blog comments powered by Disqus

Photo Galleries

Hudson Yards Development

http://nreionline.com/photo_gallery/hudson_yardsCheck out images for Coach's new global headquarters, which will anchor the initial tower of the Eastern Rail Yards site within the 26-acre mixed-use Hudson Yards Development on Manhattan's far West Side.

Outstanding Women in Commercial Real Estate

From housing low-income families in Southern California to closing some of Manhattan's largest office leases, women leaders are using commercial real estate as a platform to reshape communities while they drive investor returns.

Click here to view more photo galleries.

Videos

2012 MBA CREF/Multifamily Housing Convention & Expo Video Blogs

http://nreionline.com/video/mba2012_thumbnail.jpgCheck out the Vlogs from the 2012 MBA CREF/Multifamily Housing Convention & Expo from JLL...

 

Click here to view more videos.


Blogs


Traffic Court

BlackSwan

http://nreionline.com/nrei-300x125-house-091211-resourcebook-jpg.jpg

This Week's Most Popular

Current Issue

NREI Newsletters

Join the Conversation