#offshoring

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Why the relentless push to offshore jobs? Some answers...

https://www.xe.com/currencycharts/?from=USD&to=INR&view=5Y

The higher that goes on the chart on the right?

The cheaper indian labor is for a US corporation.

India in particular is experiencing currency collapse and this does NOT work in your favor.

Its over 30% cheaper to pay someone in india than it was 5 years ago. This means that you either need to be 30% more productive or bring in 30% more in revenue, else the bank is losing out on the labor triage (they are taking a loss by keeping you).

You can NEVER outrun currency devaluation - the differentials are just too great, the opportunity for cost savings are MASSIVE, and the executives are incentivized to make stock go up by ANY means.

Charlie chose specifically to be paid if the stock goes up.

"Show me the incentive, I will show you the outcome" -- C. Munger

If getting rid of 80000 employees means his options vest in the money? Its a no brainer what he will choose to do.

And there are zero US labor laws to stop him.

It also means that your career is dead at this bank - stop working so hard, stop worrying, re-skill into something that cannot so easily be off-shored and just wait for your severance package.


India strategy

We’re making a big bet on India and staffing down all over the world. But has anyone thought about what happens when our internationally unpopular president gets pi---d off at India and we no longer want to be each other’s friends? Seems like the company would be pretty sc--wed!


Offshoring and Visa Fraud

A lot of interest in offshoring and visa fraud. Would be great to get a YouTuber to do an expose on what Exxon is doing. They could visit some hotels near to campus in the morning and see the huge number of Indians in business trips to Houston and then also all the ones driving into campus who are expats to the US.


WIM Risk

They’re slow‑rolling the dismantling of the WIM examination team. The head was pushed out about four weeks ago, and I’m hearing another ten people were cut yesterday. With 70% of the work already shifted to India, the writing’s on the wall. The rumor now is that by the end of Q3, St. Louis will be the only U.S. location left standing.


Happy Monday!

Just wanted to give the proper hello to rhe worst CEO and human being in Chevron History, MW. Also a hello to the worst CIO in Chevron history that is destroying his fellow American IT personnel to pad his pockets. What kind of people have so little loyalty to their country and community they happily sacrifice them for themselves? Terrible humans. They DO NOT HAVE to act this way. No law says they have to. For those defending these people, a few extra pennies of dividend in your retirement fund at thr cost of laying off people in your community is not Wirth it. Its absolutely wirthless! You dont have enough in your account to make a difference. Now to head out to take an MW!


Trying to hide the mass move to India???

I found this article on LinkedIn -

Nike is undergoing a massive operational reset. In a move that signals a significant shift in corporate strategy, the sportswear giant is consolidating its global technology functions back to its Portland headquarters.
The Shift: Just two years ago, the strategy focused on expansion in hubs like Atlanta for #Al and #Cybersecurity.
Today, the focus has shifted to simplification. By closing tech offices in #Atlanta, #China, and #Poland, Nike is aiming to strip away organizational layers and align its tech talent more closely with core business priorities.
The Context:
Job Cuts: Part of a broader restructuring expected to eliminate ~1,400 roles.
Direct-to-Consumer (D2C) Reassessment: As growth in digital retail moderates, Nike is

No mention of all the jobs they cut in tech in the US getting reposted to rehire in India


RCDN shutdown

Folks ; LRs coming hard by end of ,month or June , RCDN site is going to have the same faith as SJ, do you think building 5 and 6 will be saved, guess again, 6 is not coming back; war made a terrible job and they never gave maintenance to AC ; it’s all covered in mold that has been there for at least 10 years , the building is sinking and Wes’s doesn’t give a sh-t , they gonna sell it out just like sj buildings

5 will stay for a year but remain closed , they are trying to clean as much as they can just to say hey we cleaned it who wanna buy it

9 it’s on its doom too; there are cracks all over the place, Cisco already looking where to migrate the production data centers in there

On top of it layoffs coming hard , first place to cut people will be RCDN all the load to be moved out to Sherlock, bgl or Mexico , whatever is cheaper


No Extras

Don’t give to UW through work (give on your own if you can still afford to do so). Billy can make up for the difference.

Don’t volunteer for Grow Up Great (go help your local school on your own). Billy can take his limo to the schools and make up for the loss in hours.

Don’t attend EBRGs until flexibility is restored. The firm uses EBRGs as evidence of engagement. Continue to support each other, but do it on your own.

Don’t let PNC (Pune - Chennai - New Delhi) take any credit for your community involvement. Let those new employees in our overseas hubs, who are quietly replacing us, step up and show their community support. I have no spite toward the individuals overseas, but since Billy has made the decision to layoff his U.S. based workforce and hire overseas, there is no way I am letting him take credit for my support of UW, Grow up Great, or involvement in EBRGs.


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| no views yet | | 1 reply (May 11) | Reply
Post ID: @OP+1kqx793zr
| Regarding PNC

Transunion offshoring may erode its U.S. identity and trust

When Offshoring Raises Concerns About a Company’s U.S. Identity.
Employees can raise concerns about workforce shifts.
Relevant agencies include the U.S. Securities and Exchange Commission (SEC) and U.S. Department of Labor (DOL).

Workers may also contact elected representatives to share concerns.


Outsourcing core to india is happening

Vz india will now have Eng starting in small amount on wireless core. No security into consideration, while saving money on US Eng, they choose to sacrifise access to confidential database to be outside USA while Pentagon prohibited this many years ago.Get ready.


US team lead by India manager

I have a question. I was part of a reorg where my US based team will now be lead by a manager in India. A. Is this happening to anyone else? I presume this isn't promising for our future. B. My direct manager is still in the US, however the org chart doesn't show that he reports to the India manager? Is there a reason for that?


Offshoring Realities

https://www.youtube.com/watch?v=t5fXrPMGM5E

Here's a comparable example from AMEX. No wonder American workers in Banking and Fintech companies are enormously frustrated with their corporate overlords! Hiring and ongoing layoffs are significantly worse than a carpet bo-b sprinkle of AI.


“The Culture Speaks for Itself” — But Is Anyone Listening?

The “first of many” associate all-hands left a bad taste in my mouth, for more reasons than I can fully articulate. The shift to the Harbor Point studio was the first jarring departure from the cozy, informal town halls we had grown used to before this latest regime change. The broadcast felt more like a morning news segment than a company conversation - cold, staged, and impersonal. One thing was abundantly clear: the C-suite is not part of “us.” They operate separately, and we’re meant to feel that distance.

What followed were prewritten speeches, read from teleprompters, filled with buzzwords but lacking substance. The central message seemed to be that TRP is poised to capitalize on the next economic opportunity - but what that opportunity actually is remains unclear. And apparently, we’re not meant to ask. If the goal was to model an “AI-first” approach by delivering generated, impersonal messaging, then mission accomplished.

The most disheartening realization, however, was the unmistakable confirmation that the legacy TRP “people-first” culture is gone. I’ve watched this erosion over the past decade, but never has leadership been so transparent in its lack of consideration for employees and clients alike.

We sat through an hour of “new strategy” with barely any discussion about improving outcomes for clients or associates. The AI-focused approach, poorly thought through, centers on doing the same work with fewer people, relying on efficiency gains that feel more aspirational than realistic. Questions raised in Meeting Pulse about costs, risks, and whether our existing infrastructure can even support this strategy were noticeably ignored.

Most striking, though, were the repeated references to our “thriving culture.” The disconnect was hard to miss. The culture is speaking loudly - through Meeting Pulse, through forums like The Layoff - and the message is clear: employees are struggling. We’re dealing with internal friction, outdated technology, and a lack of focus after years of layoffs and reorganizations. Incentives to perform have eroded.

Compensation cycles have been consistently disappointing, with market conditions and outflows cited as justification, even as executive compensation continues to rise. Investments are being funneled into a new headquarters and high-profile marketing partnerships, while associates are quietly laid off and replaced with offshore labor. This isn’t “doing more with less” it’s being asked to do less, with less, and somehow maintain the same standards of quality.

At this point, our ability to deliver meaningful work is being undermined, and the prevailing message from leadership seems to be that we should feel fortunate just to be employed.

Today’s all-hands felt disingenuous and, at times, insulting. But more importantly, it made one thing clear: what leadership values is not aligned with the people doing the work. The culture is speaking, but it stands in direct opposition to the narrative coming from the TRP ivory tower.


AirMI carnage

Talked to a former coworker who has survived the carnage at AirMI. The breadth of layoffs on the technical team is breathtaking. Either the plan is to move airbag manufacturing overseas and ignore all of the IP-related arguments to keep production in the US, or the forecast for future airbag development and production is dismal for many years out. Either way, a team that was creative, talented, and nimble has been decimated and will never be the same.


Overseas hiring

Citi and other major companies are hiring lot of people overseas! The diff ratio is huge! No one is talking about this. There used to be some controls on overseas hiring. But the hiring pattern now is a huge concern. I believe it is because of H1B restrictions. Either way, You are cooked! So, you don't allow H1B or L1, it's fine, we will hire there. Cheap labor is always the goal for these corporations. Noone cares about the security and the country.

Fire here, hire there, hire cheap! .🤡


Reorg

Got laid off last week due to reorg at Gainwell — no notice, just same-day exit. Management changes, no budget, increased pressure on teams, and offshoring made the direction pretty clear in hindsight.

It’s a tough reminder of how quickly things can shift, especially with AI and evolving priorities reshaping the industry.


More layoffs end of August , splitting company

This is yet unoffical but there will be a meeting today with 3 upcoming news:

  • everyone will be fired by the end of August and replaced with offshore employees (.not high management )
  • company will be splited by 4 or 5 independent companies ( by region ) and FIS brand will disappear by end of this year.

Try being on the other side

You are all complaining about Wells India and the Engine taking all your work, but have you ever thought that maybe it's not really fun to take on so much work. We are paid pennies compared to you and are asked to do more and more. Have some respect when you complain on here that maybe your life isn't so bad