Indian IT Cos to Suffer as US Wants Jobs Back

Bangalore: Some American corporations are retaining a small, but highly-prized slice of software jobs at home, mindful of the record unemployment levels and the anger among locals who see work being shipped overseas. For Indian software providers such as TCS, Infosys and HCL, such a development - it is not expected to become a mainstream trend - could chip away a fraction of new jobs that could have been offshored to them. In an interview with Bloomberg on Monday, Charlene Begley, chief information technology officer of GE, said his company was rethinking the strategy of outsourcing more than half of its IT work.