Re: Not in IT...
Indeed, you thought you had just reduced a\ wage bill, but you actually threw away valuable capital that you have invested a lot of money in (that knowledge and experience)
This is exactly what a Big Broadcasting Concern that I used to work for found out when they tried to outsource their engineering functions. The "make do and mend" that had gone on for years simply couldn't be supported by the new sub-contractors, and suddenly everything - equipment, software, spares, consumables - cost several times their previous prices, because the "support" that was now being provided was mostly inept. The sub-contractors tried to hire many of us ex-engineering types, but we'd moved on to better things.
Fast forward twelve years.... I received a plea from someone very high up in the Concern, begging for some support on a "consultancy" basis. I've told them that I'll turn up - from my semi-retirement next to the Mediterranean Sea - for nothing less than £3600 per 8-hour day ( I like the look of the hourly rate - it's roughly what I was paid per week before the redundancy! ).
I start work in a couple of weeks' time!