The fortunes of companies in the public sector outsourcing sector have experienced a dramatic fall from grace. Prior to the financial crisis of 2008 and the recession that followed, these companies were the beneficiaries of lavish government spending and a growing trend in getting the private sector to do more of the jobs that central and local governments used to do. For many years, the big outsourcing companies were seen as bankers to keep on growing their profits and returns to shareholders. That has changed.
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