Bangalored is a neologism and used as a verb. Bangalored is used to indicate a layoff, often systemic, and usually due to corporate outsourcing of the business function to lower wage economies. The word is derived from Bangalore, India, which houses many outsourcing centers for Western economies.
It refers to people who have been laid off from a multinational company because their job has been moved to India (outsourced — a business practice designed to save money that is arousing passions in some countries, especially Britain and the United States). Bangalore is cited in particular because of its reputation in the USA as a high-tech city, and widely regarded as the Silicon Valley of India that has benefited significantly from such outsourcing.
Bangaloreophobia refers to fear of Bangalore or fear of losing jobs to Bangalore.
source : http://en.wikipedia.org/wiki/Bangalored
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