The IT and Business Process Association of the Philippines (IBPAP), the principal voice for the country's roughly 400 outsourcing companies, has quietly revised its headline targets. The group now projects between 1.85 million and 2.14 million full-time workers by 2028, a significant step back from the 2.5 million jobs it forecast in 2022. Revenue expectations have also been trimmed, from a 2022 target of $59 billion down to a range of $43.3 billion to $50.5 billion.
For the nearer term, IBPAP expects around $42.3 billion in revenue and 1.96 million jobs in 2026, rising modestly to $45.3 billion and 1.99 million roles in 2027. The numbers still describe a large, growing sector. But the direction of the revision tells its own story.






