The report said that the largest companies in Europe will have reduced the number of in-house IT jobs by 770,000, that's half, between 2002 and 2017.
The report said that while offshoring work is the major contributor to the decline it is also being impacted by the automation of business processes through software and the recession.
Here is the article I wrote.
The article does have some advice for IT professionals about "new opportunities presenting themselves."
"Staff that can develop the knowledge-centric skills that companies need to support their shift to global business services, and their overall globalisation goals, will find themselves in great demand," said the report.
"The need for transactional staff is decreasing dramatically, while the demand for knowledge-centric staff is increasing. [There is] a critical IT talent shortage, most clearly for knowledge-centric staff with the skills to help enable global business operations."
I am very interested in hearing from IT professionals that have lost their jobs to offshore workers or fear they will. I would like to know what they have done since in terms of learning new skills or what they plan to do. I am sure many are leaving the IT sector.
A report out today from O2 says Britain needs an extra 750,000 digitally skilled workers by 2017.