Thread regarding Charles Schwab Corp. layoffs

If workers can do the job from India they can do the job from anywhere.

Question is never " job from anywhere."
Question "How safely and Cheaply ?"

Think they were taunting Ricky over RTO. If workers can do the job from India they can do the job from anywhere.

So, telecommute?

H1B will be still save lot of money.
If you get 20 thousand grand annually you can live life happily in India

we can offshore job.

So, telecommute?

With all of the layoffs happening in the country, is the H1B visa really necessary?

we can offshore job.

With all of the layoffs happening in the country, is the H1B visa really necessary?

And the H1B worker does not work harder than the American worker, they only work longer because their immigration status is tied to their employment.

If they work longer, why not? Just send it to the Schwab Hyderabad office, call them in the afternoon IST, and send it back early in the morning. This way, the complaint can be resolved.

I have been seeing talk about this the last few weeks.

Unfortunately for Americans tech workers, there is Indian nepotism in tech. Indians in management will only hire Indians (H1Bs) until the entire team is mostly Indians.

And the H1B worker does not work harder than the American worker, they only work longer because their immigration status is tied to their employment.

@jrni+1v33W1m6

Elon and Trump have answered this. Elon tried to backtrack but made it clear they want to keep H1Bs and possibly increase usage.

Ridiculous entry-level tech jobs are being filled by H1Bs. These visas should be used for talent and not to bring cheap labor into the country. So many new graduates of American origin who currently cannot find a job, and those who got laid off.

You are stuck on H1B, there massive surge is coming for EB1-C green card filling.
Schwab is filled with such managers who want EB1-C , and they will do anything to get it

Indians in management positions tend to favor the hiring of Indians (H1B) especially in tech

The individual was hired as part of the company's decision to outsource specific tasks or responsibilities. They are fulfilling the role as outlined in that decision. Furthermore, it is worth noting that the company tends to hire external candidates rather than recruiting internally for such roles.

Outside a few specializations, H1B visa is not necessary anymore and there should be strong proof that whoever has an H1B visa is absolutely required for the company.

do you think if H1B is stopped everything will revert back?
You are in dream world, If h1B is denied companies will open offshore offices, and they will save more.

Indians in management positions tend to favor the hiring of Indians (H1B) especially in tech. Nothing is said because this is seen as "diversity hiring", but it discriminates against qualified American citizens of black and hispanic descent who are often underrepresented in these fields and who should be the target of such diversity campaigns.

IT consulting companies with offices in India such as TCS hire overwhelmingly H1B workers in the US when it is not necessary for them to be here. Most likely just committing visa fraud.

There are lots of American IT workers currently unemployed. Outside a few specializations, H1B visa is not necessary anymore and there should be strong proof that whoever has an H1B visa is absolutely required for the company.

Schwab is doomed. Rama is a cancer.

https://www.thehindu.com/news/national/telangana/leading-financial-services-firm-charles-schwab-choses-hyderabad-as-prospective-location-for-its-first-tdc-in-india/article68500046.ece

or will he allow his CEO friends to keep using them for cheap labor?

This Corporate donation for Trump for this election 2024

Contributor Total
Investor/Timothy Mellon $150,000,000
SpaceX $118,557,604
Adelson Clinic for Dr-g Abuse Treatment & Research $100,000,000
America First $21,256,643
Building America'S Future $20,650,000
Hendricks Holding Co $15,007,093
Bigelow Aerospace $14,182,000
Laura & Isaac Perlmutter Foundation $12,450,000
Energy Transfer LP $10,036,272
Uline Inc $10,022,699
Abc Supply $10,003,493
British American Tobacco $8,501,672
Southern Waste Systems $8,053,300
Andreessen Horowitz $7,010,602
Cantor Fitzgerald $6,023,540
Primerica Distribution $5,016,500
Crownquest Operating $5,013,734
Elliott Management $5,011,970
Standard Industries $5,002,318
Book Capital Enterprises $4,175,200

and This in 2015
Campaign Committee Outside Groups Combined
Total Raised $333,127,164 $100,265,563 $433,392,727
Total Spent $325,515,461 $97,105,012 $422,620,473
Cash on Hand $7,611,702 $3,160,552 $10,772,254
Debts $0 - -
Date of Report December 31, 2016 November 27, 2017

Now keep in mind this not same TRUMP who had won in 2015, this time he had cooperate backing, things there chage would be made with loop hole.

or will he allow his CEO friends to keep using them for cheap labor?

Will allow them to keep, only difference you will see salary increase .
He himself have used H1B , H2B visa for his work.

With Donald Trump in office, will he limit the number of H1B visas, or will he allow his CEO friends to keep using them for cheap labor?

Proposed Solutions for Addressing H1B to Green Card (GC) Transition Challenges

1. Restricting Ported Priority Dates in EB-1C Cases:

Employers should be prohibited from utilizing ported priority dates for EB-1C applications filed by Indian managers. This ensures that the EB-1C category remains reserved for genuinely qualifying candidates, without undermining the intent of the employment-based immigration system.

2. Equitable Distribution of Visa Spillovers:

In cases where visa numbers spill over, the allocation should be divided proportionately among the EB-1, EB-2, and EB-3 categories to maintain fairness and alleviate backlogs across the preference categories.

3. Limitations on Priority Date Porting Across Categories:

Applicants who upgrade from lower preference categories (e.g., EB-3 to EB-2, or EB-2 to EB-1) should not be allowed to revert to a lower category using the previously ported date. If they attempt such a downgrade, their new application should be assigned a fresh priority date to prevent misuse of the system.

4. Enhanced Scrutiny of EB-1C Filings:

EB-1C petitions for managerial roles should be subject to heightened oversight to ensure compliance with eligibility requirements. If any discrepancies or non-compliance are identified, the petitioner's priority date should be reset to prevent exploitation of the EB-1C category.

Haitians, not Indians, are eating the pets. Depending on who u believe.

They're eating your d0gs and c@ts. LOL.

first H1B more specifically Indian are vegetarian , they have 3 level of Animal protein

1. Milk, Butter etc
2. Chicken Egg
3. Goat...

After that they donot eat any meat , no way near dog and cat.

By the way are talking about "Project 2025" ?
"The Shady Group Behind Project 2025, Heritage foundation "

They're eating your d0gs and c@ts. LOL.

I have found from my career experience that Indian managers, which are many in tech, tend to protect other H1-B Indians, so they don't lose their sponsorship and leave the country.

they didn't go to grad school in the US in an H-1B visa - they took US scholarship dollars from your kids to get their degree and then applied for H-1B visa to stay in US

I am familiar with a team that seems to embody the worst of both worlds:

Full-Time Employees (FTEs)
H-1B visa holders
The team in question is Harness Next GEN.

Because they went to Grad school in the US on a H1B visa. You can tell that poster is one of those "smart ones".

It seems there may be some confusion regarding the H-1B visa process. Allow me to clarify:

Many H-1B recipients from India often complete their graduate education in India rather than in the United States.

The H-1B visa program reserves 20,000 visas specifically for individuals with advanced degrees (master’s or higher) from U.S. institutions.

Additional allocations are made for certain countries under trade agreements, such as Singapore and nations covered by NAFTA (now USMCA).

However, after these reserved categories, a significant portion of the remaining H-1B visas—approximately 80%—are awarded to applicants from India who completed their education within India, not the U.S.

@6xym+1v33W1m6 - Where did you go to school ? or did you even try going ?!

Because they went to Grad school in the US on a H1B visa. You can tell that poster is one of those "smart ones".

I know many H1Bs from Grad School who are way smarter than most Schwabbies. Nothing wrong with that.

OP, Please find out about
L1B, L1A, OPT-CPT and other visa type.
at least H1b have some standard above type have none.
and Yes, you will find lot of L1 and Opt-cpt

The H-1B visa system often resembles a form of bonded labor.
Workers are bound by fear, and exploitation has become a common practice within the industry.
Service companies, which employ a significant number of H-1B workers, are some of the worst offenders, frequently taking advantage of these individuals.

One of the biggest manipulations involves so-called "salary corrections." Here’s how it typically unfolds:

The Labor Condition Application (LCA) is filed with a higher salary than what the employee actually receives.

1. The H-1B worker is often unaware of the salary stated in the LCA.
2. Later, the service manager approaches the employee, claiming a "salary correction" is required—effectively underpaying them compared to what they should receive by law after the LCA and H-1B approval.
3. Employees must remain cautious and vigilant. Service managers, in particular, can be highly manipulative, often shifting blame for their own shortcomings and lack of skills.

These managers' primary goal is to secure EB-1 green cards (GC) for themselves, often at the expense of others.

4. Later this managers shows they done a favor which is not

The U.S. government has started scrutinizing EB-1C applications more closely, especially those filed by Indian nationals, due to rising concerns about potential fraud.

H1B employee work under perpetual fear of getting laid off which can result in selling everything they have and moving back to the country they came from.

Instead of carrot, the stick is making them work like crazy everyday. Companies know that and the managers who exclusively want to hire them love this.

@5cwv+1v33W1m6 -- Your ancestors stole this land literally. Let's not forgive or forget that.

H1B don't produce more - that is BS - they brown nose their way around and act like they care all for the sake of the H1B - they take jobs from our own kids - keep that in mind. Is that the future you want for your kids and grandkids

If you are at Schwab to get your Green Card you are wasting time. By the time you get your GC your skills will be outdated. You will be in your 40s or 50s and by that time good luck trying to get hired or building your own company or turning your hobbies into dreams. The time to move out was yesterday and not today or tomorrow.

It’s evident that many people are unfamiliar with the complexities of the H-1B backlog. For anyone who submitted an I-140 petition after 2017, obtaining a green card within their lifetime has become increasingly unlikely.

The primary reason is the staggering wait times, which can stretch over a decade—excluding dependents like spouses and children. In some cases, the wait can extend beyond a generation.

Currently, the only viable solutions seem to be:

1. Marriage to a U.S. citizen or permanent resident

2. A significant, unforeseen event like a pandemic causing changes in immigration policy

Additionally, individuals relying on EB1 categories (EB1-A/B/C) for faster processing may soon find those routes as clogged as the EB3 category, given the growing demand.

If you are at Schwab to get your Green Card you are wasting time. By the time you get your GC your skills will be outdated. You will be in your 40s or 50s and by that time good luck trying to get hired or building your own company or turning your hobbies into dreams. The time to move out was yesterday and not today or tomorrow.

They didn't say all US citizens. What they said was fact based. Insulting. Not wrong. Take in what they said. The US isn't exceptional. We need global skills. Be glad they didn't comment on how racist some of the comments have been.

My god, how insulting to US citizens. There are plenty of decent US citizens to run this country amazingly.

Why dont these high skilled tech employees that Schwab and other "have to have" start their own companies in their home country? You know, improve the quality of life and those around them in their own country. I'm sure America will find a way to keep the lights on with the 300+ million people already here.

That's funny.

70% of the country believes in angels. https://www.pbs.org/newshour/nation/nearly-7-in-10-u-s-adults-believe-in-angels-ap-norc-poll-finds

16% aren't positive the Earth is spherical. https://www.sciencealert.com/one-third-millennials-believe-flat-earth-conspiracy-statistics-yougov-debunk

59% don't have a sufficient emergency fund. https://www.bankrate.com/banking/savings/emergency-savings-report/?tpt=a

47% of voters think a ra---t felon is concerned about them

Most Americans think Columbus discovered America, that the Declaration was signed on July 4th, that the revolution was supported by the majority, and that Washington was the first president (it was Randolph, but he was unelected and of a nuanced definition for the nation).

Any claim that the 330 million here are capable of keeping the lights on devoid external resources is overestimating the citizenry and ignoring history. The head of NASA was a Na-i (von Braun with over a thousand others). The bo-b was largely of German and British science - even Oppenheimer was educated at Cambridge and Göttingen (he hated Cambridge though and I don't blame him).

Is the H1B program abused and manipulated as part of a subsidy to US businesses? Yes. But are all non-citizens, regardless of visa or immigration, unnecessary in driving US progress? No. And that's before addressing opportunity and establishment. Remember that the US was the beneficiary of World War II with no mainland damage and rebuilding to recover from. Without that catalyst the US would not be a technology and AI stronghold today.

Why don’t highly skilled tech employees from countries like India start their own >companies at home?

Their national currencies are not global reserve currencies, limiting access to international capital.
Domestic financial systems often don't offer long-term, low-interest loans — the kind that fuel tech and finance growth in places like the U.S.
Geopolitical factors also play a significant role.
Even small increases in U.S. interest rates have a global ripple effect, causing market instability.

Wouldn’t it be better if they focused on improving life in their home countries?

To provide some context about India:

Before British colonization, India contributed roughly 35% of global GDP.
When the British left, that share had plummeted to 0.5%.
In just 75 years post-independence, India has become the world’s 5th largest economy, surpassing the U.K., the former colonizer. While India still has challenges ahead, achieving this milestone is no small feat.
Fun fact: The American economy also owes much to one of India’s most transformative inventions—sugar.

Can the U.S. thrive with its current population of 300+ million?

For that, America needs:

Large external markets like China and India.
The U.S. dollar to remain the global reserve currency, a status that could be jeopardized if nations like China, India, or OPEC shift away from it.
A controlled inflation rate — something that would be severely impacted if de-dollarization occurs.
At the national level, every move is transactional. H1B visas and trade relations give the U.S. leverage over countries like India and China. These policies, in a way, add a "sweetener" to an otherwise competitive and challenging geopolitical landscape.