To be fair jobs are not lost to ”people in developing nations due to outsourcing” rather they may be lost to people in developing nations due to ’offshoring’. People lose jobs due to outsourcing when it is either assumed, or demonstrated, that the function they perform can be carried out either more efficiently, or as efficiently but at lower cost, by someone, or something, else; sometimes that includes offshoring.

Another point of note is that TCS aren’t unique in what they’ve done in Life & Pensions. Vertex, EDS and Unisys, to name but three, have all done exactly the same in that they have kept operations ’onshore’ in the outsourcing arrangements they have with their customers.

All of the above does not mean that ”people of developed nations should not have a problem”. Their jobs will be ”snatched away from them” if it is assumed, or demonstrated, that what they do can be done for less by someone somewhere else; be that a developed or a developing nation.