Revenue, employment forecasts for BPO sector lowered anew

The IT-BPM industry will hire fewer new workers and make less money than expected in the last years of the Duterte administration after the latest projections pulled down the already lowered forecast for 2022.

The Information Technology and Business Process Management (IT-BPM) sector is projected to create 130,000 new jobs at most in 2022— a far cry from the original 500,000 new jobs that would have been created based on projections made in 2016.

By then, the industry, one of the biggest employers in the private sector, will have a total headcount of 1.43 million workers. Its revenues, meanwhile, are projected to reach $29.09 billion at most in 2022, a figure that used to be the …

Keep on reading: Revenue, employment forecasts for BPO sector lowered anew

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