Over the last three years, companies worldwide have invested between 30 and 40 billion dollars into generative artificial intelligence projects. Yet most of these efforts have brought no real business…
My theory is the money-people (VCs, hedge-fund mangers, and such) are heavily pushing for offshoring of software engineering teams to places where labor is cheap. Anecdotally, that’s what I’ve seen personally; nearly every company I’ve interviewed with has had a few US developers leading large teams based in India. The big companies in the business domain I have the most experience with are exclusively hiring devs in India and a little bit in Eastern Europe. There’s a huge oversupply of computer science grads in India, so many are so desperate they’re willing to work for almost nothing just to get something on their resume and hopefully get a good job later. I saw one Indian grad online saying he had 2 internship offers, one offering $60 USD/month, and the other $30/month. Heard offshore recruitment services and Global Capability Centers are booming right now.
My theory is the money-people (VCs, hedge-fund mangers, and such) are heavily pushing for offshoring of software engineering teams to places where labor is cheap. Anecdotally, that’s what I’ve seen personally; nearly every company I’ve interviewed with has had a few US developers leading large teams based in India. The big companies in the business domain I have the most experience with are exclusively hiring devs in India and a little bit in Eastern Europe. There’s a huge oversupply of computer science grads in India, so many are so desperate they’re willing to work for almost nothing just to get something on their resume and hopefully get a good job later. I saw one Indian grad online saying he had 2 internship offers, one offering $60 USD/month, and the other $30/month. Heard offshore recruitment services and Global Capability Centers are booming right now.