The recent recession paralyzed the world economy, it came like a tsunami, some Iconic companies were swept of their feet, for e.g. Lehman brothers, the largest banking and financial services in the United States declared its bankruptcy. The dreaded economic downturn after the World War II forced many companies to go for cost cutting, firings and pay-cuts etc. Midst of this worst economic crisis, one industry that boomed and took advantage of the recession was outsourcing. The article analyses how and why recession could be a boon for outsourcing Industry. Read the full article…..
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