Outsourcing and offshoring

IT leaders often need to make difficult choices to save money, stay competitive, and retain or generate additional profits. The idea of outsourcing and perhaps offshoring has been mentioned as a possible consideration.

Discuss the pros and cons of both outsourcing and offshoring. How might a leader introduce this to the organization without creating speculation and panic in its employees? What steps would you take to implement a digital transformation? Why? In 175 words or more.