4 ms·
Cost-Cutting in New York and London = A Boom in India
- sidsavara 18y agoWow 40% of jobs could be offshored? That surprises me. What is the 60% of jobs that requires a physical presence in wall street?
- eugenejen 18y agoMeeting customers in person. Sitting in meetings in companies that is going to have IPOs. Sitting in wealthy client's private jet or yachts in Saint Tropez talking about the new products to hedge the client's capital. And because it has to be in person, they would better dress nicely and are attractive.
- noor420 18y agoIt is a good time for Indian research-related startups to take advantage of this. Indian VCs should take note. "Over all, United States banks will cut 200,000 employees by 2009, the banking consultancy Celent said in April. " "Theoretically, as much as 40 percent of the research-related jobs on Wall Street, tens of thousands of jobs, could be sent off-shore"