Reverse Offshoring: A New Trend In Silicon Valley?
Thuy Vu reports on CBS5.com:
Like.com is a search engine company in San Mateo that lets you find pictures of similar products on the web. But like.com is doing something once considered unlikely.More here.
It has shut down its engineering center in Bangalore, India.
"The engineering is what we've moved back here completely now," said CEO Munial Shah. "Another set of positions we've eliminated there and now we're hiring here."
That's right. Jobs once outsourced to India now moving back to Silicon Valley.
Why? Engineering labor costs are skyrocketing in India. Two years ago, an engineer's salary there was about $25,000 a year. Now, it's $75,000. That's about 75 percent of what the average engineer makes in the U.S.
posted by Fergie @ 7/02/2007 07:57:00 PM
1 Comments:
"Engineering labor costs are skyrocketing in India. Two years ago, an engineer's salary there was about $25,000 a year. Now, it's $75,000. That's about 75 percent of what the average engineer makes in the U.S."
Please be more careful while quoting numbers like this - since USD75,000 p.a. would mean Rs. 30 Lakh in India - and believe me that is not the usual salary for an engineer in ANY sector. Top class Business School graduates (after engineering) don't get that kind of money! The only number you've got that makes sense is USD75,000 being 75% of what a US Engineer would cost...
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