IT offshoring and a post-employment expectation of service has Middle Management written all over it. They bloat a company and get rid of every non-mgmt. employee they can to cover their expenses regardless of how critical the employees are. When the company fails they update their resumes and flock to their next host. Suntrust will be listed in their resumes as “a major regional banking institution”.
That is exactly what happened at PacBell in 1991. Thankfully, I moved on to a better employer as Pac Bell imploded. 360 projects canceled for lack of corporate insider knowledge.