This may not mean that telecom is the weakest of the technology industries, but it is clearly the most volatile. While some areas in this industry are consolidating, others are expanding, said John Challenger, CEO of the company said in a statement here on Saturday.
Overall, technology job cuts appear to be waning, a trend which may temper some of the increasingly heated debate over the controversial practice of offshore outsourcing. However, while the latest survey data show that offshore outsourcing is not leading to a surge in job-cut announcements, one can still argue that it is slowing job creation in technology, he said. According to the survey of the Silicon Valley venture capital firms on employment trends, technology start-ups face difficulty getting off the ground if they dont outsource some company functions.
One company calculated the monthly cost of keeping one tech employee in the Silicon Valley at $15,000; a worker with the same skills, responsibilities and job package will cost $2,500 a month in New Delhi.