offshoring

British  

/ ˈɒfˌʃɔːrɪŋ /

noun

1. the practice of moving a company's operating base to a foreign country where labour costs are cheaper

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Example Sentences

“Today, quality customer service and call center jobs are threatened not just by offshoring, but also by corporate cost-cutting through the use of AI agents,” CWA President Claude Cummings Jr. said earlier this month.

From The Wall Street Journal

The downward trend extends the loss of 42,000 jobs in L.A. between 2022 and 2024, the continued suffering of local sound stages and the offshoring of productions internationally.

From Los Angeles Times

The company says that it will cut 25% of its workforce as it leverages AI automation and offshoring to cut costs.

From The Wall Street Journal

Radiologists were supposed to lose their jobs to offshoring, and then to AI.

From The Wall Street Journal

Without it, we allow our tax dollars to incentivize offshoring.

From Barron's