Outsourcing
volume
British pronunciation/a‌ʊtsˈɔːsɪŋ/
American pronunciation/ˌaʊtˈsɔɹsɪŋ/

Definition & Meaning of "outsourcing"

Outsourcing
01

the process of having someone outside of a company provide goods or services for that company

out
source

outsourcing

n

outsource

v
example
Example
On the one hand, the company will save money by outsourcing, but on the other hand, it may lead to job losses for local employees.
Many multinational corporations have come under scrutiny for outsourcing production to countries with lax labor laws, allowing sweatshops to flourish.
Before making a decision on outsourcing, let's carefully consider the potential challenges and complexities that may arise if we go down this road.
In their opinion, hiring locally was preferable to outsourcing work overseas.
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