#offshoring

Posts mentioning hashtag #offshoring

Below are all the posts — topics as well as replies — that mention the hashtag #offshoring.

Mention #offshoring in your post to continue the discussion!

PetSmart Home Office Lay-offs 2/22/2024

Many full-time employees were laid off who worked in IT and other areas. Reddit comments state the the call center was decimated with replacements starting the next day. Corporate jobs ranging from SVP, Directors and down were eliminated. Corporate culture has changed for the worse since the arrival of GF. He is moving American full-time jobs to Costa RIca this summer just like he did at ExpressScripts. Plenty of contractors still there so there is no real value placed on employees. More lay-offs will likely come after their summer start-up in Costa Rica.


VMware CR its over

The Costa Rican government agency Procomer confirmed that VMware's Costa Rica operations are closing.
The closure is due to a corporate decision following VMware's acquisition by Broadcom.
Procomer has been in contact with VMware and is offering assistance with the transition.
Attempts to contact VMware's local headquarters and corporate public relations office were unsuccessful.

https://www.crhoy.com/tecnologia/procomer-cierre-de-operaciones-de-vmware-en-el-pais-obedece-a-decision-corporativa/

https://ncrnoticias.com/economia-negocios/gigante-tecnologico-vmware-cerraria-sus-operaciones-en-costa-rica/


Costa Rica

I guess we just didn’t read between the lines in this January 2023 article about all the jobs headed down to Heredia CR. HR, Product, Analytics, Neustar, etc. I think Experian and Equifax are also in Heredia. Sounds like quite a CRA bash down there after these bureaus are done with us.

https://www.cinde.org/en/essential-news/transunion-establishes-costa-rica-global-capability-center-creating-100s-of-jobs-across-technology-disciplines


Moving Finance job overseas

CFO just announced that we are going to cut US finance jobs (both voluntary and CPM) to increase HC in lower cost center like Costa Rica. And apparently only targeting to US finance employees. How is that ok especially when the company took government fund (source from our paycheck) to increase OVERSEAS jobs?


Lowe's Layoffs

All Tier 2 HR employees with the exception of Benefits are being let go and the work is moving to Costa Rica...go figure just look at the exchange rate. Rumor has it Tier 3 will be next. What a joke. Marvin will ruin this company just like he did with JC Penny.


Staffing firm CEO says more US companies are 'nearshoring' less-expensive workers from Latin America

Exhibit A: The ramp-up of operations in Costa Rica.

https://www.businessinsider.com/us-companies-are-nearshoring-cheaper-workers-from-latin-america-layoffs-2023-5

By: Britney Nguyen
May 11, 2023, 2:27 PM CDT

As US companies continue laying off workers amid a downturn in the economy, some are also hiring employees — but they're looking not far from home.

It's called "nearshoring," and in this case it's companies zeroing in on workers from Latin America who can work in a time zone close to the US — and for less money than US-based staff.

Deel, a global human resources company, told Bloomberg that it estimated 3,000 US companies have used its platform to hire workers in Latin America in the first quarter of this year.

"If for the price of 10 engineers in the US, we can hire 100 engineers in Brazil, there's definitely something to think about there," Alex Bouaziz, CEO of Deel, told Bloomberg.

Companies that work with Deel pay an average annual salary to full-time contracted staff of $74,000 in Latin America in areas like engineering and product design, Bloomberg reported. US software developers earn a median salary of $127,000, Bloomberg said, citing Bureau of Labor Statistics data.

Deel said in the first quarter of this year, it's seen a 50% increase in US companies hiring workers from Latin America when compared to the same quarter last year. Most of the workers come from engineering hubs in Argentina, Mexico, and Brazil, according to Deel.

Deel's 2022 State of Global Hiring Report shows that Latin American countries were at the top of the list from where global companies were hiring. The firm's report uses data from its own 260,000 worker contracts across 160 countries and also draws from other external global data points.


Bad News for Technology Team

This goes out to the technology team at PetSmart. Your new EVP/CITO is bad news. Trust your own gut on GF's character. He comes in, and destroys any morale or comradery that exists, and then outsources whoever is left before moving on in 2-4 years to do it again somewhere else. Do not trust him, he is not there to help or support you.

Get out quickly and find something new. GF is a harbinger of bad news for the organization, but especially for the people currently working in IT. Look at what he did to the IT department at Express. All those jobs are now in Costa Rica. Best of luck to all of you.


There is no vision with this

Peter Gibbons is listening to this Outsource group named the Kearny Group on making cuts to manufacturing plants. He honestly has no idea how bad he is destroying value and capacity. Mike Roman isn't leading sh-t and would not know what leadership is without hiring some consultants on how to think or reading a book. This CEO has wasted more damn money on consultants and conferences, and useless golf tournaments than all leadership teams combined. I understand that 2023 is going to be a tough year from Financials perspective but this is terribly short sighted to start gutting the plants. Why Gut manufacturing plants when you have three times as many managers than you need with Spinco and 3M Center, honestly and layers upon layers of fat and overhead. Honestly they would not know how to measure KPI, productivity from the leadership team if a frozen fish hit them up side the head. You cannot outsource all work or move it all to Costa Rica even if you save a few pennies. At some point 3M is still a material science company that needs to supply its own products. If these bozos would actually invest in some real equipment and automation, these cuts would make sense but we dulling apart sh-t everywhere you look, and beyond dated production lines They will not even buy automated slitters, and rely on outsource company's and pay through the nose for all the die cutting, and slitting needs. There is no vision with this. Leadership never looks in the mirror.

Originally posted by @pew+1kJOPTc2.


Evaluated Pricing LSEG- do not apply

I have been working for this group for some time. Just recently I decided to look for another job and I have to say that most of the things said in these threads are true. Just a few facts:

  • in 2018 almost 50 % of the staff was layoff and the roles moved to Costa Rica.
  • 4 years of the Costa Rica office open showed many clients that the quality has decreased and employees there are not going to be able to take complex tasks. Between closed doors everybody talks about the lack of professionalism in Costa Rica, poor work ethic and the preferential treatment they receive.
  • The group used to have top talent across all levels. In 2021 the Muni Manager left, excellent professional with years of experience in Wall Street and Bloomberg. Shortly after two other senior managers left, one a former executive from JP Morgan and MIT educated. Then another raising start from an Ivy League left after being groomed for almost a decade.
  • The biggest problem with the group is the longevity of one of the Directors who is the architect of the moves to Costa Rica and Fort Mills. He has multiple HR complains and no one trusts what he says.
  • Another problem is the influence the former head has on this group. She has to make sure her decisions are protected and she push for a weak replacement who is a yes man. He is never in the office, and during his tenure many people has resigned.
  • People keep quitting. A few people a month.
  • Just 2 weeks ago 2 more resignations - and these two were recently promoted.
  • Salaries are very low, check the comparisons against competitors (base)

Evaluator - 70-85 versus 120-145 Bloomberg, markit,ice
Senior Evaluator: 90-120 versus 150-180 Bloomberg, markit, ice

What is happening: A layoff in NYC is coming and Fort Mills will be the new center. That happened in 2018. A couple of roles opened in Costa Rica and then a massive layoff.

The weaker the staff the more power the director has. The more needed he is. Not too hard to understand.


Fiserv Costa Rica

Frank sold the Fiserv Costa Rica division to infinite group located in Maryland. As part of the deal, the former Fiserv associates will remain on Fiserv current engagement for a couple of years as outsourced IP, no more on Fissev’s payroll.

Next, banking division is on the way out. FB top priority is quarterly earnings, he does not give a sh-t about a single client. Just show uptick in revenue through layoffs and selling groups. This is what he did all his life. He doesn’t know how to grow revenue through customer satisfaction , and organic growth.

Expect the banking group to be out by next month to a private equity firm.

VP


Why are you here?

Just wondering. I come here once in a while to check on an old company I once worked at where I met a lot of nice people that I never keep in touch with but still care about. I was young and idealistic back then and thought I would make a career there. It turns out that I didn’t get picked for management for whatever reason and then I saw jobs get outsourced around me to India or Costa Rica, or somewhere else. I ended up leaving discouraged but at least now I make way more money than I ever could have at Emerson. I still have a place in my heart for the company but also some resentment for many of the same reasons I often see expressed here. So I guess for me it serves as a form of validation. In some ways I see it as emblematic of the death of one the last American manufacturing companies, consumed by the greed of an inner circle of hypocritical leaders who are really just out for themselves.


Non-US Locations

The discussions so far have been focused on the US workforce. Would anyone have information of what BC did with offshore offices and teams in CA and Symantec after those acquisitions? Our teams are large in Costa Rica and India (primarily, Bangalore) and we wonder what will happen to us. We have very nice offices in these locations so I also wonder how long it would take to take over or dismantle these children organizations, assuming this is what will happen. Thoughts, please?


How long until Broomfield CO office closes with secretive meetings with SVP at local hotel?

SVP of Global Support Karen Egan was in Broomfield colorado area last week and had secretive meetings at the Omni hotel nearby with other front-line tech support managers. What's THAT all about?

Recent job reqs for tech support have all been in "low-cost centers" (Costa Rica and Bangalore) for backfilling positions.

How long until $VMW decides to just ship support to low cost centers completely (and use Atlanta for federal support since it's considered "lower cost") and ditch Broomfield just like they did with Burlington a few years back?

Managers must think that employees don't look at the internal job openings and see where the new openings are based.


Change BS Stream

Did anyone else find the SH session on the Change Stream demotivating today? Apparently all of our products are currently horrible and difficult for our sales people to understand and sell, then why are we beating all forecasts for WL and PL? Only the Change steam will save us now. Also, what a great idea for everyone to stretch and do 120%, what genius! Glad Covid and dealing with kids forced back into homeschooling is no longer a concern (it is). It was pretty slick to say we actually increased headcount in 2021, when we fired across US and UK only to hire in low cost countries like India and now Mexico. Not sure if anyone else caught it, but I heard they aren't sure about Costa Rica. Translation, if you work in Costa Rica TR you won't for much longer. I could go on and on about McKinsey, Facebook, Amazon and the Digital/Change experienced know nothing hires, but I better grab a glass of wine and relax.


Well now that Brian Householder is no longer the CEO changes are happening swiftly. They have offered lay-off packages to many employees.

The employees are being told that they need to stay until March 31,2021 before they can receive the package. With the call center in Costa Rica and the support center moving to Mexico City, there will not be much left in the US except for some backend operations that will eventually be outsourced. This company is on life support and there is nothing to suggest a turnaround. Customers are very nervous doing business with this no vision company.


Akamai lay off in US Mar 2019

In the name of focussing investment in new areas of business, Akamai eliminated 120 positions primarily in US. The real motive of the layoff was to move the jobs to low cost countries like India, Costa Rica and Poland. Akamai is still hiring and retaining workers in US on immigrant visa to depress the wages and laying off American citizens. Akamai has struggled to grow like other internet companies for several years. Where are those Democrats and Republicans in Government protecting American jobs?


2018 Syniverse layoffs - about 300 people (15%)

This week, Syniverse has internally announced laying off 15 % of its

employees, worldwide. That means 300 employees are affected. The

layoffs mainly happen in the US (Tampa, Florida) and India,

although other locations are affected, as well.

In related news, just a few months ago, Syniverse internally

announced to close down its mobile roaming data clearing house (DCH)

development center in Rüsselsheim, Germany until the end of 2018.

This amounts to laying off another ~ 65 employees.

This follows the previous layoff of ~ 40 Syniverse operations

engineers in 2016, also in Rüsselsheim, the 2017 shutdown of the

Syniverse A2P office in Würzburg, Germany (~ 60 employees), and

the constant layoffs in other Syniverse offices around the world

Syniverse is well known for since it's owned by the Carlyle Group

(a private equity corporation).

As always, Syniverse management plans to off-shore the work done

by the laid off engineers to remote locations like India and

Costa Rica. It's confident that this disruptive reorganization

doesn't impact the service-level agreements with existing

customers and magically leads to a path of ultra growth and rapid

innovation (executed by newly hired and inexperienced engineers).

Giving the history and current developments, it's likely that

Syniverse will also shutdown its last remaining office in

Germany, Bonn in the next 1 to 2 years. Followed by Europe

Headquarters in Luxembourg in 2 to 3 years.


Employee engagement survey

Sales are falling off a cliff. What to do? I know, take an employee engagement survey. More than 1900 employees responded, and what do we learn?

Employees in India are happy. We're hiring lots of them and they get big raises at review time.

Employees in the US are miserable. While we're hiring more sales VPs every other group is getting laid off as their jobs get sent to India and Costa Rica. Raises at review time are less than half those in India.

Employees in Costa Rica? trick question, they're contractors and not part of the survey.

Huge numbers of US employees are what the survey calls "actively disengaged", ie their daily activities actually subvert the best interests of the company. Why would any new customer sign up for that?


Layoffs at Sungard are always happening

The layoffs are still happening. They are just smaller in number so they fly under the radar. They actually have a blanket RIF for the year and they are bucketing everyone into it. There are at least 12 people laid off after every quarter end and they are even starting to lay off the offshore resources in Pune and Costa Rica. That might not sound like a lot but when you look at what used to be teams of 100 and they are now around 30 that tells you everything. They have cut so far they are now cutting bone. Essential people needed to get the jobs done are being let go to the point the remaining can't keep up. People know the CCC+ bond rating is a company killer and are now trying to get out before the hammer hits them.


Citrix layoffs and terrible tech support

Short sighted decisions by Citrix leadership are leading to terrible technical support.

I have had several unresolved tech support cases open for months.

One of the cases was initially being worked by a support tech who was fired in October. This support tech was one of the most experienced people in the company, and was actively working with the engineering team as the problem was pretty complex.

I don’t know for sure, but I have some indication that this person (who is US based) was fired in order to hire lower cost staff in India or Costa Rica.

Now I have no idea who is even working these cases any more. Whenever I ask I get no response on my tickets. No one cares.

Moving off of Citrix products in these scenarios is too costly as the customers have already spent too much on the implementations. But I will never recommend Citrix products to a new customer.


IT layoffs are happening

Intel has announced record revenues and profits. But IT is laying off employees! Announcement has been made of 200 job cuts in Costa Rica. I am sure there will be impacts at other sites as well. Get serious and please post any news or rumors so that anxious IT employees can get an idea of what's happening - Admin