weak dollar, strong euro, pretty simpe.. why outsource to europe when you could also outsource to the us for less money? also with one of their biggest client beeing fallen apart, its pretty easy to count it together and see what happened, its not always just the quality of work that matters.
kwakkie already answered your question, when the people in charge/with money see that they can outsource to asia for half the price, they're not going to care if it costs you your job. I'll be surprised if any of these outsourcing companies survive unless they're owned by a larger group that has a solid reason for keeping…
Hope everyone lands on their feet. This isn't the first outsourcing studio to shut their doors over the last year. It's hard to sell the idea of experience/quality to biz dev people though, it's not apples to apples when you compare rates.
Ugh this is ridiculous, I hope all those who lost their jobs get into new gigs quick! It sucks that money is such a huge object so many companies are shutting down because it's cheaper elsewhere. I've been on a few projects where outsourcing to Asia meant we had to have at least a few full time people in-studio just to…