Outsourcing

In the United States and Canada, for the last 25 years, removing employees from payrolls has been a core part of the corporate landscape.
Removing employees from payrolls can take any one of the following forms:

While losing one's job may be detrimental to an employee being let go, it is critical to understand that outsourcing can be an important transfer of wealth to the following three groups:

A naive understanding of outsourcing would be that executives would merely seek to award themselves bonuses proportional to the anticipated savings during the first year, or first few years, of the outsourcing contract.
A better understanding would be that executives will seek to award themselves bonuses proportional to the net present value of ALL of the future anticipated savings.

Rebadging

In some cases with outsourcing, what happens is that the employees to be let go are given weeks or months to train their replacements, while working as employees of the employer that has decided to let them go.
An alternative path with outsourcing is that the employees to be let go are "Rebadged".
What is rebadging?
With rebadging, instead of the employees to be let go training their replacements while being paid by their original employer, the employees are placed on the payroll of an outsourcing company.
Commonsense dictates that the employees must eventually be let go.
Moving work to an outsourcing company means that employees must be paid, but that in addition there must ALSO be a profit for the outsourcing company.