Employees of EDS, a company based in Plano, TX, first found out about
their company's outsourcing plan from an Indian newspaper. The next
day, EDS announced the elimination of 2,700 jobs.
Sunday, August 03, 2003 - Denver-based Quark Inc., one of the nation's best-known software companies, has just built a brand-new facility that will employ 1,000 software and technology workers.
The growth might appear encouraging to the state's ailing tech economy, but there's a key caveat: the center, and the jobs, are in Chandigarh, India.
"This is part of why the economy is still sluggish," said Mac Clouse, director of the Reiman School of Finance at the University of Denver.
"It's not the traditional economic model anymore," he said. "Businesses may be spending, but they're not spending their dollars here - it's not going to result in new jobs and increased economic activity."