Since the trend of Global Cost Optimization, one should know that it is definitely cut the cost from 40-60% while hiring. And personally I think this is what companies were actually looking for. A company may look for Cost Optimization Without Quality Loss, so what are they going to do? They will probably hire workers from India, Philippines who are best known for their millions of engineers and also renowned for their Global Cost Optimization.
Not only reducing costs without compromising quality, another one is Global delivery cost management? Have you ever thought about what it is? The companies work in daytime, and while it is night, then workers from other nations work in their time zone. It means that the project will be faster and reducing operation costs as we are not actually hiring onsite employees. Hope everyone other European nations will follow the same trend.