Friday, October 9, 2009

Question # 156

India first benefited from the offshoring trend as it has a large pool of English speaking people and technically proficient manpower. India's offshoring industry took root in low-end IT functions in the early 1990s and has since moved to back-office processes such as call centers and transaction processing. In the late 1990s, India's abundant and cheap software engineering talent combined with massive demand from the Y2K problem helped to move India up the value chain to attract large-scale software development projects for US based customers. This spawned the neologism X, used to indicate a layoff, often systemic, and usually due to corporate outsourcing to lower wage economies. X has recently been added to the dictionary…
Main Entry: X
Part of Speech: Adjective
Definition: Laid off due to outsourcing
Usage: Slang