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verb: to make profit by screwing your employees, your customers, and your country while at the same time lowering the quality of the work performed. Highly touted and promoted in articles by authors with Indian surnames.
When she called the unemployment office to inquire about her benefits she was outraged to discover she was speaking to someone in India. The American job had been outsourced.
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The word "President" Bush uses to describe you getting your ass canned at work so that your job can go overseas.
President Bush out sourced 3 million American jobs (So far) in office
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The process of hiring a call center to perform customer service and/or technical support, or other support tasks, obstensibly because it is cheaper than having an in-house support team. Companies also outsource to preserve their reputation, as they can use the hand of god to fire any call center employee who isn't performing in line with their vision without anyone knowing; can hire and fire employees en mass with no regrets.
My job at Foo Inc was outsourced, so I went to work for the company they outsourced to at greatly reduced pay.
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The next logical step in the process of globalisation. Made possible due to large differences in prosperity and income worldwide. The first move towards a more equal globality.
"I outsourced my assembly line..."
"Good for you"
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When a company hires another company to do some aspect of its work for it.
Examples of this include (but are not limited to):
* Stores using another companies cleaning services for cleaning its floors etc (rather then having employees of their own hired as full time cleaners).
* An ISP using a third party for its e-mail services rather then using servers of their own.
* A company in need of call centre services using a third person company rather then building a call centre of its own.
Companies often outsource to save money. However, it's also possible they want to concentrate on their main service and allow another company to worry about secondary ones (ie, companies whose main service are those secondary ones).
Outsourcing unfortunatly costs jobs domestically when companies outsource overseas. This is why people dislike it so much.
Poor guys unemployed because his employer outsourced his job overseas.
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An easy method for corporations to maximize their profits and avoid the unions at the same time. Basically, it involves moving one's business to another part of the world where people will willingly under slavelike conditions and for 1/10 the pay of a Poverty-Class American worker.
See outsource and globalization for more definitions.
Outsourcing is creating a major economic boom, but piss-poor levels of domestic job growth because the Third World has all the employees the corporations need.
Oh, and the executives are pocketing the profits too.
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Corporate use of slave labor in third world countries ruled by dictators, for the express purpose of avoiding American taxes.
No wonder so many corporate executives are billionaires! If not for outsourcing and free trade, they would have to pay their fair share of taxes and end up mere millionaires!
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