Knowledge@SMU

Authors

Knowledge@SMU

Publication Type

Journal Article

Publication Date

4-2007

Abstract

On April 11, Citigroup CEO Charles Prince announced a massive restructuring program that involves cutting 17,000 jobs and moving more than 9,500 to locations in low-cost countries. Citigroup watchers expect some 8,000 jobs to head for India, including the outsourcing of select high-end back-office functions. If that phenomenon gathers momentum beyond the financial services industry, the U.S. could lose far more jobs than previously predicted across the skills and wage spectrum. India Knowledge@Wharton spoke with Wharton professors to understand this emerging trend in global job movements. --------------------------------------------------------------------------------

Disciplines

Business | Strategic Management Policy

Copyright Owner and Holder

Copyright © Singapore Management University 2012

Article ID

1052

Subject(s)

Strategic Management

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