Massive abuse of offshoring jobs to cheaper countries like India, Phillpines, Malayasia, South east Asia, Africa. . . . Etc. , For cheaper wages.
This is done by greedy selfish bosses, Especially in big banks & wall street.
There is basically no more job security at office in rich countries. Global wide competition and tech automation replacing good paying jobs. In office corporate worlds, Greedy bosses have too much and too high expectations on their employees, Creating extreme work pressure with unpaid overtime and very high staff turnover rate, While abusing low-paying internship and offshore consultancy. Workers have put in all the extra efforts with unpaid overtime in weekends and late shifts, But workers STILL get fired or laid off due to company restructuring or whatever excuses the greedy bosses decides on.
Proof: I have personally experience many IT layoffs (more than 3) working in mostly financial IT industry in North America for nearly 10 years, And so have many of my former co-workers.
The disadvantage of it. . Reason for the IT centres
reducing risks of IT industry in india and in other countries
the main reason for the growth of IT industry
requirement for a healthy IT industry. What is information technology industry?
The advantages and the disadvantages of this industries
Reason behind it