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JPMorgan Chase to Increase India Outsourcing 25%

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Cindy Mar 12, 2009 4:00 PM GMT The government talks about kick starting the economy and gives money to the banking system, who in turn give jobs to foreign countries. What a joke. No one in government put any guidelines in that specified that all jobs have to remain in the US. IF the bank has a branch in a foreign country, then I can see using foreign workers. Bu the company openly states that they are reducing costs and laying US workers off.
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GLL Mar 12, 2009 3:53 PM GMT Let's all rush to the lowest common denominator as we economically strip mine our country and leave it in complete ruin for future generations. Afterall, all the globalist free traders at the top of the food chain who keep stealing our tax dollars to pay for their bankrupt zombie system keep telling us this is just the way things work.
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Very Concerned Mar 12, 2009 3:52 PM GMT The Gov/Corporations need to stop sending US jobs overseas. We need to create incentives for companies to offer the jobs to US employees first. With unemployment rising - this seems contrary to what's in the best intrest for our country.
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JP MORGAN Dog Millionaire Mar 12, 2009 3:44 PM GMT I find this rather troubling considering that JPMC will be laying off over 13k domestic employees within the next two months.Our Goverment and Business Greed at work for the common good.
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Chase Customer Mar 12, 2009 3:42 PM GMT Will cancel Credit Card with Chase today. Like them I do business with people that are loyal to me.
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E Mar 12, 2009 3:39 PM GMT Cindy,You are a genius! Let's do it!!!We need to get organized...Let's teach this corrupt members of society who's boss.
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oh please Mar 12, 2009 3:37 PM GMT c'mon folks. Do you want to outsource EVERY job in the US? That's were it's going. It's called unfair trade agreements between our country and the others and until you wake up, we'll all be on bread lines soon enough. I don't see India letting Americans in to do THEIR jobs!!!
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What to do Mar 12, 2009 3:36 PM GMT All of this complaining does nothing. The root of the problem is accounting and corruption. The accountants list employees as expenses so by outsourcing the true cost is hidden and the profits for the 1/4 can go up. This is just a juking of the numbers. Until trained, educated and experienced employees can be accounted as a capital asset, where doing this would cause a write down in a corporation's value, this will continue to grow and expand.Second if you want this to stop YOU have to call your representatives and hammer them that you are SICK of the GREED and the PAYOFFS and the must stop.Posting here is only venting and produces no results.
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James Cahill Mar 12, 2009 3:35 PM GMT You should read "The World is Flat" and you will be better informed on outsourcing, insourcing, etc. This had been going on for decades and advances in technology will hasten the process. You can embrace it or be devoured by it. The U.S. needs to lower corporate income taxes and give tax incentives to spur investment and innovation (this includes renewable energy sources). We also need to improve our educational system to compete more effectively with China, India, etc. We just topped 300 million in population. There a 2.5 billion people living in India and China...do the math.
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Cindy Mar 12, 2009 3:28 PM GMT Joe Moreau....while I agree businesses need capital this is not the time to take "our tax dollars" to venture out for profitability overseas. Do you, your family, your friends still have jobs? Everyone good? Great! I'm sure you'll understand and want to pay for our food and mortgage.
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