Absurd

Some time ago, a company I've recently (1.75 years ago) left was bought by another. This all happened after I left, so it didn't affect me other than it directly affects friends that are still there. One of the acquiring company's MO's is to do an immediate 30%-40% headcount reduction (or so I am told).

True to form, they announced the RIF in the department I was in, and soon after noted who will stay (very few) and who will go (very many) and who will be doing the jobs of the people they let go (outsourced).

The other day, someone realized that the company's business is financial in nature, and it was against [the law, company policy, a regulation] to allow this personal financial data to leave the US borders. The solution? NOT fire the people that were going to do those jobs? Oh, but no! They instead decided to bring ONshore the OFFshore employees to do these jobs, and pay them about the same as the people who already knew how to do it.

Cost savings, indeed.

Discuss.