Outsourcing has never worked for core products and innovation. Anyone claiming all these jobs will go over seas has never tried to outsource something complex. Zero large cap businesses have succeeded at this. The outsourcing comes in long after the innovation has stalled and the product is KTLO

You don't outsource; you set up an office instead.

The problem with outsourcing is similar to the problem with contracting. You have limited ability to direct the work, the terms need to be specified up front, the contractors can substitute in the B team once they've got the project under way, etc.

With an office and local hiring, you have full control. You can second employees on-site for some time to get the culture and work practices in shape. The bigger issue becomes stuff like timezones. So you try and carve off whole responsibilities, so the team is mostly working locally.

Many companies off-shore without outsourcing (and often with success).

Outsourcing: another company. Hard and a bad idea for your core competency.

Off-shoring: another country. Much easier if you keep it as part of the same company.

Apropos of nothing, I'm really enjoying my TSMC-fabbed microprocessors.

Tell that to the VFX industry