IBM

Work at home, competitive pay and benefits if you are a decent performer.

Job security not dependent on performance.

Critical loss and degradation in skills and experience of technical staff due to offshoring, resulting in impacts to the business.

Too many layers of managers and project managers. The majority are non-technical paper pushers and bean counters who do not understand the technical aspects of the areas they manage. This lack of understanding impacts their ability to manage effectively and make sound decisions for the long-term success of the business.

Remember that "Global" still includes the U.S.

You get what you pay for with cheap labor.

The gains you think you are getting with cheap offshore labor will result in losses due to failures and the increased costs of fixing those failures, in the long term.