If I were at a small startup as an engineering manager and the CEO told me to outsource to save money, I would try very hard to convince him to outsource within the country. Employees are cheaper while the timezone and skill set remain high. It obviously is nowhere near as cheap as Vietnam or India, but so much better even with 1/4 as many devs.

That outsourcing conversation I had at every single startup I worked for, and I greatly hope the trend to remote work continues.