{"id":56659,"date":"2023-03-10T15:07:00","date_gmt":"2023-03-10T07:07:00","guid":{"rendered":"https:\/\/news.outsourceaccelerator.com\/?p=56659"},"modified":"2023-03-10T15:07:00","modified_gmt":"2023-03-10T07:07:00","slug":"cost-cutting-to-boost-ph-bpo","status":"publish","type":"post","link":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/","title":{"rendered":"Global cost-cutting to boost PH BPO in 2023"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">MANILA, PHILIPPINES \u2014 The global economic slowdown and cost-cutting measures of foreign companies could help boost the Philippine Business Process Outsourcing (BPO) industry this year.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to the IT and Business Process Association of the Philippines (IBPAP), the industry could generate US$35.9 billion in revenues and have total full-time workers of 1.7 million in 2023.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a survey, IBPAP revealed that 83% of BPO companies expect growth in 2023 despite a potential global recession, while 17% remained neutral with their forecasts.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cResults also showed that organizations will continue to outsource and use global business services this year as a lever to drive some of their cost optimization initiatives,\u201d the agency added.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The survey also found that most investments would come from the animation and game development sector, contact center agencies, cybersecurity firms, financial technology services, healthcare, internet providers, IT solutions, and shared services centers.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">IBPAP added that Cebu and Davao would continue to be popular information technology-business process management (IT-BPM) locations in the country, followed by Iloilo, Pampanga, and Laguna.<\/span><\/p>\n<p><a href=\"https:\/\/www.rappler.com\/business\/global-cost-cutting-to-boost-philippines-process-outsourcing-growth-2023\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow external\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Read more here.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA, PHILIPPINES \u2014 The global economic slowdown and cost-cutting measures of foreign companies could help boost the Philippine Business Process [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":56628,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[200],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator\" \/>\n<meta property=\"og:description\" content=\"MANILA, PHILIPPINES \u2014 The global economic slowdown and cost-cutting measures of foreign companies could help boost the Philippine Business Process [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\" \/>\n<meta property=\"og:site_name\" content=\"Outsource Accelerator\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/outsourceaccelerator\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-03-10T07:07:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2023\/03\/Global-cost-cutting-to-boost-PH-BPO-in-2023.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"HJ Suroy suroy\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:site\" content=\"@outsourceaccel\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"HJ Suroy suroy\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\"},\"author\":{\"name\":\"HJ Suroy suroy\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a\"},\"headline\":\"Global cost-cutting to boost PH BPO in 2023\",\"datePublished\":\"2023-03-10T07:07:00+00:00\",\"dateModified\":\"2023-03-10T07:07:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\"},\"wordCount\":174,\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"articleSection\":[\"Local\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\",\"name\":\"Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator\",\"isPartOf\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#website\"},\"datePublished\":\"2023-03-10T07:07:00+00:00\",\"dateModified\":\"2023-03-10T07:07:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/news.outsourceaccelerator.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Global cost-cutting to boost PH BPO in 2023\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#website\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/\",\"name\":\"Outsource Accelerator\",\"description\":\"Outsourcing marketplace &amp; advisory\",\"publisher\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/news.outsourceaccelerator.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#organization\",\"name\":\"Outsource Accelerator\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png\",\"contentUrl\":\"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png\",\"width\":250,\"height\":250,\"caption\":\"Outsource Accelerator\"},\"image\":{\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/outsourceaccelerator\/\",\"https:\/\/twitter.com\/outsourceaccel\",\"https:\/\/www.linkedin.com\/company\/outsourceaccelerator\",\"https:\/\/www.youtube.com\/@OutsourceAccelerator\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a\",\"name\":\"HJ Suroy suroy\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0eaf26fa73e94f81eca2ef12e832fce2?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0eaf26fa73e94f81eca2ef12e832fce2?s=96&d=mm&r=g\",\"caption\":\"HJ Suroy suroy\"},\"description\":\"HJ covers the freshest industry news, press releases, newsletters, and SEO articles for Outsource Accelerator. She also has a background in advertising, media, public research, and content creation.\",\"url\":\"https:\/\/news.outsourceaccelerator.com\/author\/hannah-suroy-suroy\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/","og_locale":"en_US","og_type":"article","og_title":"Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator","og_description":"MANILA, PHILIPPINES \u2014 The global economic slowdown and cost-cutting measures of foreign companies could help boost the Philippine Business Process [&hellip;]","og_url":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/","og_site_name":"Outsource Accelerator","article_publisher":"https:\/\/www.facebook.com\/outsourceaccelerator\/","article_published_time":"2023-03-10T07:07:00+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2023\/03\/Global-cost-cutting-to-boost-PH-BPO-in-2023.png","type":"image\/png"}],"author":"HJ Suroy suroy","twitter_card":"summary_large_image","twitter_creator":"@outsourceaccel","twitter_site":"@outsourceaccel","twitter_misc":{"Written by":"HJ Suroy suroy","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#article","isPartOf":{"@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/"},"author":{"name":"HJ Suroy suroy","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a"},"headline":"Global cost-cutting to boost PH BPO in 2023","datePublished":"2023-03-10T07:07:00+00:00","dateModified":"2023-03-10T07:07:00+00:00","mainEntityOfPage":{"@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/"},"wordCount":174,"publisher":{"@id":"https:\/\/news.outsourceaccelerator.com\/#organization"},"articleSection":["Local"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/","url":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/","name":"Global cost-cutting to boost PH BPO in 2023 - Outsource Accelerator","isPartOf":{"@id":"https:\/\/news.outsourceaccelerator.com\/#website"},"datePublished":"2023-03-10T07:07:00+00:00","dateModified":"2023-03-10T07:07:00+00:00","breadcrumb":{"@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/news.outsourceaccelerator.com\/cost-cutting-to-boost-ph-bpo\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/news.outsourceaccelerator.com\/"},{"@type":"ListItem","position":2,"name":"Global cost-cutting to boost PH BPO in 2023"}]},{"@type":"WebSite","@id":"https:\/\/news.outsourceaccelerator.com\/#website","url":"https:\/\/news.outsourceaccelerator.com\/","name":"Outsource Accelerator","description":"Outsourcing marketplace &amp; advisory","publisher":{"@id":"https:\/\/news.outsourceaccelerator.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/news.outsourceaccelerator.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/news.outsourceaccelerator.com\/#organization","name":"Outsource Accelerator","url":"https:\/\/news.outsourceaccelerator.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/","url":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png","contentUrl":"https:\/\/news.outsourceaccelerator.com\/wp-content\/uploads\/2022\/06\/outsource-accelerator-logo.png","width":250,"height":250,"caption":"Outsource Accelerator"},"image":{"@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/outsourceaccelerator\/","https:\/\/twitter.com\/outsourceaccel","https:\/\/www.linkedin.com\/company\/outsourceaccelerator","https:\/\/www.youtube.com\/@OutsourceAccelerator"]},{"@type":"Person","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/f226e9b21c9720115eb44eadda5ea32a","name":"HJ Suroy suroy","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/news.outsourceaccelerator.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0eaf26fa73e94f81eca2ef12e832fce2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0eaf26fa73e94f81eca2ef12e832fce2?s=96&d=mm&r=g","caption":"HJ Suroy suroy"},"description":"HJ covers the freshest industry news, press releases, newsletters, and SEO articles for Outsource Accelerator. She also has a background in advertising, media, public research, and content creation.","url":"https:\/\/news.outsourceaccelerator.com\/author\/hannah-suroy-suroy\/"}]}},"_links":{"self":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/56659"}],"collection":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/comments?post=56659"}],"version-history":[{"count":1,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/56659\/revisions"}],"predecessor-version":[{"id":56660,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/posts\/56659\/revisions\/56660"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/media\/56628"}],"wp:attachment":[{"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/media?parent=56659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/categories?post=56659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.outsourceaccelerator.com\/wp-json\/wp\/v2\/tags?post=56659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}