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Techies Asked To Train Foreign Replacements 765

Makarand writes "David Lazarus of the San Francisco Chronicle is reporting that Bank of America (BofA) is moving thousands of tech jobs to India and has asked its techies to train their Indian replacements or risk losing severance pay. Although there is nothing in writing that says precisely this, the employees have been made clear about this responsibility in their meetings. BofA is outsourcing tech work to Indian companies whose employees do the work at half the cost of what a U.S. worker gets paid. According to an estimate, outsourcing has allowed the bank to save about $100 million over the past five years."

Google to Distribute Online Video Ads 186

sufijazz writes to mention an AP story about Google's plan to start distributing online video ads. From the article: "The video expansion, announced late Monday, will affect thousands of Web sites that rely on Google to post ads related to the surrounding material on a page. For instance, a news story about housing might prompt Google to display an ad for real estate agents. Google isn't allowing the video ads to appear on its own Web site -- a heavily trafficked destination that produced 58 percent of its $2.25 billion in revenue during the first three months of this year."

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