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Why are we allowing jobs to leave the US? Most other countries prohibit hiring non-residents.
While opportunities for IT professionals in Europe(may as well read, "US") are scarce, XXX announced plans last month to double the number of employees in Brazil to 8,000 by the end of next year. The company also plans to add about 14,000 programmers in India, where it currently employs nearly 40,000 workers, according to Communications Workers of America.
>
Even as XXX (NYSE: XXX) completes plans to lay off 14,500 workers, BXX BXXX is continuing to scout for new IT talent and hiring professionals around the world.
>
NEW YORK (CNNMoney.com) -- The final week of January began with a bloodbath for the job market, as over 65,400 more cuts were announced on Monday alone.
At least six companies from manufacturing and service industries announced cost-cutting initiatives that included slashing thousands of jobs.
About 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.
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Put your mouse where your mouth is
Check out more business predictions and create your own right here at http://www.nostradamical.com/predictions/business
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I'm the manager of a "work center" at vocational rehabilitation facility. Outsourcing is a great money saver for large and small industries. We have been doing assembly, packaging, manufacturing, etc for industries for 30 years. Our customers use us because we meet their schedule and save them time and money. It also provides income for our workers with disabilities.
Matt Bandyk, a reporter for U.S. News, explores capitalism from where it all begins, with the entrepreneur, whose risk taking and experimentation provide the roots from which the rest of the economy grows. As much courage as it takes to create one's own business, even the entrepreneur needs some help, and this blog will look at news, trends, and practical advice for starting and running a small business.
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