WASHINGTON: Click2Learn Inc. has cut the five positions in Bellevue and Rochester, New York. The five were employed in quality control and development jobs, says a report in the Seattle Post-Intelligencer. Bellevue-based Click2Learn now employs about 75 people in India. The company has continued to cut staff in the U.S. while adding software jobs in India. The 19-year-old company, which makes enterprise software, employs about 290 people worldwide. Click2Learn CEO Kevin Oakes recently remarked that projects originating in India have been "extremely successful and cost efficient". J.P. Morgan Chase & Co., the second largest U.S. bank, too has moved 400 jobs to Mumbai, India, and Sydney, Australia, in the past year from its offices in Europe, the U.S., Hong Kong and Japan, to cut costs in view of the global slump in the banking industry. The bank now has 325 people at a global service centre in Mumbai and as many as 80 in Sydney, where they are managing the bank's back office operations. Standard Chartered Plc, HSBC Holdings Plc and Deutsche Bank AG have also moved back office operations to India to reduce costs. "The long term trend is more outsourcing," Sunil Garg, a banking analyst at Fox-Pitt Kelton, Inc was quoted as saying. The only problem is there may be a backlash in the U.S. and elsewhere against outsourcing because it increases unemployment, he said.
Source: IANS