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
Most Popular Articles
Issue Archive
advertisement
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
Want to use this article? Click here for options!
© 2009 Penton Media Inc.
Research & Special Reports
Highlights
Best of the Best
Green Building
ASHA 2008
advertisement
Nrei Interactive Products
-
Green Shoots
Commercial Real Estate's Green Building Blog
Get latest news, data and analysis of the rapidly evolving commercial real estate green building industry. Gain insight on green leases, valuations, financing, and government regulations and incentives for new and existing buildings.
Green Shoots Blog -
The Alter Group
Larry Armstrong on Architecture in a Recession
Larry Armstrong, President, Ware Malcomb, an international architecture firm, says that in times of recession, survival is dependant on having a strong strategic plan in place and creating functional work vs. extravagent projects to meet clients' needs...
-
The Alter Group
Charles Krawitz on the Credit Crisis
Charles Krawitz, Senior Loan Sales Asset Manager of Fifth Third Bank, discusses the current state of the small to medium sized loan and the general capital markets. Topics include tapping Freddie and Fannie loans, and the government expanding their credit facility via the SBA.
Full text article for this podcast -
White Paper
2009 Real Estate Investment Outlook
National Real Estate Investor and Marcus Millichap
2009 Real Estate Investment Outlook... 
On-Demand Webinar
Reinventing Space
This Webcast looks at tips for how empty space can be used in a way that generates foot traffic and cash flow. We explore strategies and incorporate real-life examples of what some creative owners and retailers have done to weather the weak retail environment and keep dark space from harming healthy retailers that are operating.
Marketplace Ads
advertisement
advertisement
advertisement
advertisement
