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Keyword: backsourcing

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  • Backsourcing: J.P. Morgan's Painful Experience With Outsourcing

    09/16/2005 11:18:32 AM PDT · by SirLinksalot · 36 replies · 1,363+ views
    CIO Magazine ^ | Sept 2005 Issue | STEPHANIE OVERBY
    Backsourcing Pain JPMorgan Chase's decision to first outsource IT and then bring it back in-house stands as a cautionary tale for any CIO considering an outsourcing megadeal. BY STEPHANIE OVERBY When David Rosario got the official notice at the end of 2002 that his job would be outsourced to IBM, he was not surprised. Rumors had been circulating for months at JPMorgan Chase, where he had worked as a network engineer since 2001, that the company would be signing away much of IT to an external services company. The $5 billion IBM-JPMorgan contract was heralded at the time as the...