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To: Lizzie Tudor who wrote (16530)	2/2/2004 4:37:46 PM
From: Wyätt Gwyön	Read Replies (1) \| Respond to of 306849

what effect is this having on salaries in SV? jobs lost there means more competition for the jobs that remain. Feb issue of Wired has cover story on India IT. jobs with 70K avg salary here done for 8K avg salary there. IBM apparently believes the 20x bigger opportunity is for business process outsourcing, BPO. i am very interested in how this will unfold--is it truly possible that entire accounting and HR departments will be moved offshore? if so, how long will it take, and what will the impact be on domestic salaries in a period already lacking in real income growth?

To: Lizzie Tudor who wrote (16530)	2/3/2004 7:17:52 AM
From: Amy J	Read Replies (1) \| Respond to of 306849

Lizzie, RE: "Applied Materials for example has higher employee count than ever but their US workforce is 50% of peak and declining." Applied's revenue had dropped by 50% finance.yahoo.com Applied is currently hiring in the USA. Regards, Amy J