I telecommute 2 days a week currently. Having recently gone through an outsourcing deal (and being one of the outsourced), my old managers all were of the opinion that "if you can do it from home, they can do it from India" And there was a lot of truth to that. Since then, I have taken a new position with a manager in Europe, and the issues in remote managing of me are no longer as much of a concern. Still, in today's environment, especially at larger companies the concern over being outsourced (or more accurately, being viewed as a commodity) are very real if you work remotely.