Verizon, one of the leading names in communication is set to enter the world of offshoring providing through the 8.5 billion dollars worth acquisition of long distance carrier MCI.

Verizon remarked that they would enter the offshoring market through a management service in which the targeted market are business customers that are tired of leaving their IT-related functions to incapabe outsourcing firms and offshore management companies. Managed services are defined as a set of responsibilities which are transferred to a third party such as a carrier or an outsourcing firm by a corporation. Most of the services included in this industry includes network management/data management which is needed to complete its responsibility for a firm’s computing infrastructure.

Verizon said that it would make use of the skills that they have acquired through the acquisition in order to support the core IT resources of firms. The decision to outsource was brought about by the said acquisition and the growing demand for IT-specific offshoring skills. MCI, the acquired firm which is a long-distance telecommunications service provider had a strong background of network support for large corporations and government agencies. Through the experience of the acquired firm, Verizon is confident that they would …

As we all know, offshoring seems to be the number one business strategy that firms could think about whenever they want to implement cost-cutting strategies but at the same time still maintain the quality of work that they produce.

In the article entitled Report offers tips to protect your job from offshoring, it talks about the report done by Association for Computing Machinery (ACM) which focuses on the effect of offshoring in terms of employment as well as some tips which could help people from developing countries to be abreast with the growing competition.

Here are some of the results of the study:

Offshoring statistics
• offshoring could affect an estimate of 12-14 million jobs in the U.S.
• offshoring could cause annual losses of 200,000 and 300,000 jobs
• jobs that are subjected to offshoring could include call centers and business processing ones
• 61% – rate of UK firms implementing offshoring work
• 20% – rate of U.S. companies implementing offshoring work
• 15% – rate of German firms implementing offshoring work
• 5% – rate of European firms implementing offshoring work
• 30% – toral rate of the world’s 1,000 largest companies implementing offshoring work

Aside from the statistics mentioned, the report also included tips …