A phenomenon caused by the unexpected shutting down of a company/industry in one economy resulting in a disappearance of jobs en masse in another economy; thus, making an entire group of people obsolete overnight... creating a reverse Slumdog Millionaire.
When a leading insurance company filed for bankruptcy in the US, it also created jobsolence for several hundred outsourced call-center workers in India.
by Mohit Hira March 2, 2009