U.S. companies move work onshore
Facebook Twitter google+ RSS Feed

U.S. companies move work onshore

By SiliconIndia   |   Tuesday, 30 June 2009, 03:38 Hrs   |    46 Comments
Printer Print Email Email
U.S. companies move work onshore
Bangalore: In the U.S., top outsourcing customers such as Bank of America and several local governments are asking vendors such as TCS, Infosys and Wipro to deliver more projects locally. These outsourcing customers are also canceling job offers to foreign workers in an attempt to address anti offshoring sentiments and cope with legislative requirements of the Troubled Assets Relief Program (TARP).

In the last few months, at least five new outsourcing contracts had new clauses which mandated that certain work be delivered onshore, reports The Economic Times. Under this regulation, Bank of America and other financial services organizations who have received funds under TARP need to ensure that they try and employ local American workers before hiring a foreign workers.

"Bank of America's Merill Lynch integration projects are being delivered locally because of TARP requirements. On any other day, it would have asked Infosys or other companies to do," said a U.S. based person familiar with the bank's outsourcing initiatives.

A spokeswoman at Bank of America confirmed that her company had canceled around 50 H1B job offers in order to comply with TARP. Several graduates from the University of Michigan are among many potential H1B workers left stranded in the US.

"Recent changes in U.S. legislation made it necessary for Bank of America to rescind job offers it had made to students requiring H-1B sponsorship. Bank of America had very much looked forward to these individuals joining the company," said Kelly E Sapp, spokeswoman at Bank of America.

Experts such as Phil J Fersht, research director at Boston-headquartered AMR Research, say all TARP funded banks have canceled their H1B offers. "All TARP-funded banks are rescinding H1-B offers right now, except in critical roles and existing outsourcing deals where its imperative to have offshore managers onsite. It's a political 'hot potato' especially after the AIG bonus fiasco."

The TARP-funded banks are not the only ones demanding more local delivery. Several government customers including City of Tucson, which works with TCS and State of Missouri, which is a Wipro customer, have asked these vendors to move over 80 percent of work to the U.S., and create local jobs.

Write your comment now
Submit Reset
Reader's comments(46)
1: Currently, few % of the profit is being invested in IT by any company. So, I wouldnt say that hiring a local workforce is going to solve this financial turmoil. Most of the products being sold in US are imported. Reducing the IT outsourcing is something like going against the globalization concept initiated by the developed countries a decade ago. so, I would say identify the industries which are core(like agriculture in india) for your economy and have some regulation in it. Apart from this, just reducing the IT outsourcing is not good for any one and to me it looks like a political stint.
Posted by:contraversial - 03 Jul, 2009
2:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: contraversial - 24 Feb, 2010
3: This whole thing reminds me of a party that gets totally out of control. And at the end of the party, you scream "everyone, get the F... out of my house!"

The party is over. There is no shortage of IT workers in the United States. Our economy is in shambles - partially due to offshoring (and the very bankers crying about our government enforcing H-1b laws - yes the same ones who begged for deregulation).

Now, Everyone Out of Our House! The party is over! You don't have to go home, but you can't stay here!
Posted by:R. Lawson - 03 Jul, 2009
4:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: R. - 24 Feb, 2010
5: I don't understand all the hate and fear I see here. Please, explain. If the United States is making an error in judgement, and will learn the hard way that Indian technicians are needed to develop and support IT systems, will this not correct itself in the long run Would it not be better for all concerned if those here sat back and let this happen? The less said the sooner mended.
Posted by:Sally - 30 Jun, 2009
6:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Sally - 24 Feb, 2010
7: What is there some sort of club-India? If you, or your ancestors, are from India, you can't have an opinion that runs counter to the economic interests of India?

Too bad, someone with an Indian name doesn't agree with shipping every U.S. off to India. Get over it, the U.S. has diverse population, and no one owes a debt to India.

It is exactly that kind of bigotry that can damage U.S. businesses. The U.S. needs the real best and the brightest, we do not need discrimination. Hiring should not have anything to with nationality.
Posted by:joe lam - 30 Jun, 2009
8:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: joe - 24 Feb, 2010
9: COOL guys. Every Idiot has right to speak so shyam and sam did. I can't stop laughing over them by seeing them crying over spilled milk. Neither they know how economy works, Nor they have idea about how much U.S.A need india. If we wont provide them with our stuff and services they will end up having more costlier stuff. Morever half of technical stuff of U.S.A are run by indians. Come tax us more, ban us and u will see who will bear more burnt.They need us more than we need them. thats what open economy is.
Posted by:sudhanshu - 30 Jun, 2009
10:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: sudhanshu - 24 Feb, 2010
11: Mr.Obama Please enforce strictly and ban the outsourcing completely or tax them maximum so that the companies in India will no longer damage our domestic economy with their extra earned tax free dollars by serving US companies just sitting in Chennai,banglore etc.
Posted by:Shyam Prabhakar - 29 Jun, 2009
12:
SO does that mean you are standing and working in u.s......Do you know why did u.s go into recession......no you dont.....do you why there was great depression..no you dont........Do you know why jobs are being outsourced to india...no you dont.....can you understand why people here are giving you a good stick.....no you dont....I am sure you know one thing...to speak something that bollocks.....
Venkat praneeth Replied to: Shyam Prabhakar - 30 Jun, 2009
13:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Akhilesh - 24 Feb, 2010
14:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Venkat - 24 Feb, 2010
15:
India is our home we dont forget that. People from India work harder than US workers, simple fact. Better to hire from India, company gets good deal.

No real India guy would forget that.
Akhilesh Chittoor Replied to: Shyam Prabhakar - 30 Jun, 2009
16:
yellow yellow dirty fellow:)
Shathish Replied to: Shyam Prabhakar - 30 Jun, 2009
17:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Shathish - 24 Feb, 2010
18:
good going MR SHYAM PRABHAKAR the line "so that the companies in India will no longer damage our domestic economy with their extra earned tax free dollars by serving US companies just sitting in Chennai, Bangalore etc" depicts that you are a born AMERICAN. i think you should change your name which looks like or is similar to an INDIAN name.more over MR OBAMA wont be going as per your suggestions. if you really want to suggest him something then get some intelligence.. be an industrialist first and that too among the top ranked. have the talent to make an effect on the AMERICAN economy then he will certainly listen to you for sure. Till then enjoy your blaberring sessions yourself boss. A heart full request to you plz dont irritate the public.
R S Replied to: Shyam Prabhakar - 30 Jun, 2009
19:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: R - 24 Feb, 2010
20:
ok whoever u r...u dont seem to know why the US economy is in the current situation...it is not because of the outsourcing of IT or nethin that the American economy is in doldrums now...n India is not tryin to damage the US economy...it seems u r really frustrated...most probably coz u lost ur job...just think over it...it might not be due to outsourcing...
KKV Replied to: Shyam Prabhakar - 30 Jun, 2009
21:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: KKV - 24 Feb, 2010
22:
You seem to be an indian..So you have changed your colours by getting the green card?. Utter selfish of you.
Techno Replied to: Shyam Prabhakar - 30 Jun, 2009
23:
good going MR SHYAM PRABHAKAR the line "so that the companies in India will no longer damage our domestic economy with their extra earned tax free dollars by serving US companies just sitting in Chennai, Bangalore etc" depicts that you are a born AMERICAN. i think you should change your name which looks like or is similar to an INDIAN name.more over MR OBAMA wont be going as per your suggestions. if you really want to suggest him something then get some intelligence.. be an industrialist first and that too among the top ranked. have the talent to make an effect on the AMERICAN economy then he will certainly listen to you for sure. Till then enjoy your blaberring sessions yourself boss. A heart full request to you plz dont irritate the public.
R S Replied to: Techno - 30 Jun, 2009
24:
the abv reply was to MR SHYAM and not to TECHNO..
R S Replied to: R S - 30 Jun, 2009
25:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: R - 24 Feb, 2010
26:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Shyam - 24 Feb, 2010
27:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Techno - 24 Feb, 2010
28:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: R - 24 Feb, 2010
29: Obama should ban on foreign car companies, then big 3 companies get life. Our US companies do not have car sales and how can foreign car companies have sales, impose more tax on such companies, how can they make cheap and best cars when our companies do not make like that.

Walmart,bestbuy,officemax,staples etc. all retail outlets are filled up with foreign made goods which are cheap and best. Why should we import, why can't we make such goods onshore, get lot of employment in US.

We do not want import intellegent brains from other parts of the world, we should put ban on H1b and stop offshoring and rehabilitate the citizens who have outdated skills,lazy and expensive. . Just print more currency and give stimulus money to bankrupted companies,spend billions of dollars on army based in Iraq and Afghanisthan. Borrow trillions of dollars from China and Japan.

Bottom line is we do not want to be US as super power, just it has to rehabilitate everybody
Posted by:sam - 29 Jun, 2009
30:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: sam - 24 Feb, 2010
31: Why did it take pressure from Federal Government to force companies to hire fairly in the U.S. marketplace and to comply with the full spirit of the h-1b visa law?

The TARP law never forced BofA to stop hiring under the H-1b, it merely required that BofA make a good faith effort to look for and possibly hire (only if they were the best candidate) a U.S. citizen.

So lets see how far we can go to get more american off the unemployment roles, and help revive the american economy, for the good of all mankind.
Posted by:Joe Lam - 29 Jun, 2009
32:
It's people like Shyam Prabhakar the first, person to reply to the post, that the US Economy is in such a pathetic condition- The good for nothing bunch of idiots who went to US probably through some the indian IT companies like TCS etc, and thinking that they have achieved some grand medallion, only to become jobless there and are trying to show their ass loyalty to Mr Obama.Instead of stupidly giving such blatant replies in an indian forum had u studied some java u wudnt hav had been kicked out.
Sorry to know u used to be an indian sometime.
utsav gupta Replied to: Joe Lam - 30 Jun, 2009
33:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: utsav - 24 Feb, 2010
34:
Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
guenstiges uebernachten Replied to: Joe - 24 Feb, 2010
35: Does anyone know where to get some decent slimming information online?? I've tried a number of things and none of them seem to be working for me right now. In and out of Yo-yo diets, really need to get help now!!

Slimmer and more beautiful in just 10 mins a day!!
Posted by:Robecoete - 13 Sep, 2011
36: Does anyone know where to get some decent slimming information online?? I've tried a number of things and none of them seem to be working for me right now. In and out of Yo-yo diets, really need to get help now!!

Slimmer and more beautiful in just 10 mins a day!!
Posted by:Robecoete - 13 Sep, 2011
37: Does anyone know where to get any good hemorrhoid cream As it's quite embarrassing to have to buy at the store! I was hoping someone here would be able to help me out!

Natural Vitamins & Supplements
Posted by:entergorn - 12 Sep, 2011
38: Does anyone know where to get any good hemorrhoid cream As it's quite embarrassing to have to buy at the store! I was hoping someone here would be able to help me out!

Hemorrhoids Ointment
Posted by:entergorn - 12 Sep, 2011
39: Backlinks And SEO is a part of what everyone needs for their websites! It's like the trade of the internet you need to have it and

it will always be there. You need to always have traffic coming in to your website and you need to have backlinking done just

as you need traffic. So why not get a cheap and reliable service that will do all of this for you? Check this out....

backlinks
Posted by:brigiobestags - 08 Sep, 2011
40: Backlinks And SEO is a part of what everyone needs for their websites! It's like the trade of the internet you need to have it and

it will always be there. You need to always have traffic coming in to your website and you need to have backlinking done just

as you need traffic. So why not get a cheap and reliable service that will do all of this for you? Check this out....

Finding backlinks
Posted by:brigiobestags - 06 Sep, 2011
41: So I've been looking around the net and have come to the conclusion that it's hard to find someone to do good

SEO Work! It just plain is! But I did stumble upon a gentlmen that really knows his stuff and got my site to a page

rank 3 in one month! He's great! Check him out I think you will be suprised. Why am I sharing? Because This Forum

KICKS ASS!! Ha ha enough said! Try him out you won't be dissapointed.

backlink seo
Posted by:treraidemia - 06 Sep, 2011
42: Trying To Loose Weight and can't? You gotta try this out it's one of the easiest most Pain Free Ways To Loose Wieght There Is!

No Bull. I tried this and it worked Check out this......

diet tips for weight loss
Posted by:Pyncinopy - 06 Sep, 2011
43: So I've been looking around the net and have come to the conclusion that it's hard to find someone to do good

SEO Work! It just plain is! But I did stumble upon a gentlmen that really knows his stuff and got my site to a page

rank 3 in one month! He's great! Check him out I think you will be suprised. Why am I sharing? Because This Forum

KICKS ASS!! Ha ha enough said! Try him out you won't be dissapointed.

automatic backlink software
Posted by:treraidemia - 06 Sep, 2011
44: Does Your Friend Or Family have Night Terrors? Check this out!



night terrors
Posted by:layeliteeneub - 03 Sep, 2011
45: Does Your Friend Or Family have Night Terrors? Check this out!



night terrors children
Posted by:layeliteeneub - 02 Sep, 2011
46: Song Company,ticket part inform strange separate thing him represent separate switch package store information careful housing upper photograph party read roof trouble wild certain plan writing reach smile following as sure job reduction for confirm social memory no arise decide particularly cup speech teach editor practice hospital unit decide know film few activity hall pair security speech no absence star god history owner troop painting directly previous state library role statement formal living extra girl servant please modern match blue success block until cover commission membership
Posted by:guenstiges uebernachten - 24 Feb, 2010
SPOTLIGHT