NEW YORK: US technology services giants such as IBM could move as many as 200,000 engineering jobs annually overseas in the next decade as they trim white-collar workforces in the United States, according to industry groups and economists.
The loss of these jobs – with median annual salaries exceeding US$100,000 – is expected to boost the unemployment rate among US engineers above the 6.7% rate today, which is already five times greater than in 2000.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
