[Info-vax] And another one bites the dust....

[Arne Vajhøj]

On 2/18/2022 2:12 PM, Bill Gunshannon wrote:
> On 2/18/22 10:49, Dan Cross wrote:
>>                           Most of the COBOL work has been
>> outsourced, 
> 
> Another meaningless industry buzzword.  Outsourced to who?  I mean
> I mentioned GDIT handling a big DOD COBOL system.  Is that what you
> call "outsourced"?  I call it government contracting.  :-)  Most of
> the banks, insurance, financial and credit card companies who are
> all still COBOL shops don't outsource.  They keep their IT operations
> very close at hand.

JP Morgan, BoA, Wells Fargo, Citibank, Goldmann Sachs, Capital One
and State Street all get IT work done in India.

And it is generally assumed that Cobol work is very much outsourced
to India due to the common model of outsourcing maintenance of
older system and do development of the new systems closer to business.
And a quick check of skill demand seems to confirm it - in the US the
ratio of Cobol to Java jobs is like 1:50 while in India it is just 1:4.

Arne