General Electric (NYSE: GE) is beginning to bring information technology jobs back to the US that it had outsourced and off-shored in order to save money.
“About 50 percent of the IT work was being done by non-GE employees,” Charlene Begley, chief information technology officer, told Bloomberg news in an interview at an IT center in Michigan. “That strategy may have had its time, but there was a lot of downside. We lost a lot of the technical capabilities that we have to own.”
Companies such as GE and IBM (NYSE: IBM) have slashed their US-based work forces in order to save money and also curry local business favor in China, India, Brazil and other countries.
Now, GE says it wants to hire 15,000 IT workers in the US.
Read the Bloomberg story here.
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