Wipro Take over the IT services Company from Citigroup

Latest new from informationweek.com that the Citigroup had been agreed with a deal of $ 127 Million. Many of the discussion now had been started to talk about the job availabilities after this deal. As many of us aware, to further reduce operation expenses in IT, offshore the IT support to Asia will be the choices as it is really tough for the current economy. At the same time, the impact of this news will also reduce the job vacancy for US who work for Citigroup. Is really interesting to monitor the followup status of this deal and hopefully will not create another massive lay off in US because of the deal.