This 1000x.

I was working in Europe for a big American company, which will remain nameless, and they started shutting down most, if not all, of their European operations.

A change in the US tax code made software development amortize over 5 years in the US and over 15 years overseas. It was later changed instant deduction in the US but still 15 years for overseas. It no longer makes sense to outsource software development in many cases.