Bring it back to Uncle Sam!

Here's one new survey that seems to indicate the company executives are bowing to Obama and reconsidering their outsourcing strategies. The report by BDO Seidman, detailed the responses from 100 CFOs from hardware, software, telecommunications and Internet companies nationwide.

Apparently these CFOs are concerned about Obama's position on outsourcing; recall that during his address to Congress last week, he said, "We will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas."

Naturally, there's-no-shortage-of-talent-here contrarian Vivek Wadhwa, said that expecting a decline in overseas outsourcing is "wishful thinking".

"Companies are desperate to reduce costs; they are going to India and China in droves."

One more thing... the jobs may be coming back but the talent is also leaving.

You say goodbye and I say hello

Comment by Jake Wyant on March 5, 2009 at 11:57am: Steve - Good read and very intresting.
I have seen first hand as of late - clients moving things back home. I know of a large ERP that will be unamed has had issues with their overseas support and is slowly bringing things back as the contract comes to an end. I believe the state of the economy as well as Obama's vision certainly is helping this cause. I still do not believe that the overseas model has ever been successful to begin with. I guess it depends on how you measure success right? Top line dollars versus bottom line, customer satisfaction, etc. Has anyone ever had to deal with Dell's overerseas help desk?? UGGGG!
Painful to say the least...

Jake Wyant