For folks in the US. given the time it takes to get a GC and citizenship, most who are US residents are around 45-50+ . And, if folks with H1B cannot opt for Option 2 (20% cut in pay, am happy for them!), no offense! Then, option 2 applies to US residents only. Assuming option 3 will be used for getting rid of 50+ who did not opt for 1 and 2, which in turn implies, those that manage to remain are predominantly 'young' who mostly are those on H1B, GC(with 100% pay) and US residents with a 20% pay cut.. is that correct? And, if they target H1B too on option 3, not sure what will be left of the company. :(
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Not one citizen should be laid off if even one visa holder remains.
$300 USD = 22,500 indian rupees. A cup of tea and a donut costs just 1.25 rupees in a high end restaurant. So that guy making 22, 500 rupees is making a k–ling. In the US, a cup of tea and a donut costs $7.50 in a high end restaurant.
Hope they have H1B's too in the list.
Interesting! Americans with subpar skills, likely getting their asses laid off are ranting here how H1B workers taking their jobs. How about American companies taking advantage of employees in India by paying them pathetic salaries and making them work twice the amount of hours? Keeping all the cream jobs, fancy salaries here and making Indians do the dirty job.
Just to put things in perspective, a CX employee in the US make 500 USD for 6 hours of work on the weekend. Take a guess how much they pay an outsourced guy in Delhi for the same work? 300 USD a MONTH. Now some of you smartass ignorant a**holes would make an argument that 300 USD is worth of a billion Indian Rupees and one could lead a luxurious life in Delhi. Please smell some coffee, it's not 1940s and you cannot even afford a 1bed apartment on your own with that money in Delhi!!!
The hard fact is that you pay sh–ty salaries, you get sh–ty outcome! People in India have options now, the top talent there won't do your dirty work for pennies. It so happens that we also have our share of subpar engineers who accept minimum pays to deliver you what you really deserve so s— it up!
20% paycut is for those already pre-ID'd, not exactly an option to choose nor volunteer for. They'll get email notices on Thursday. I am guessing they won't be in the October LR. This is a way to retain some of the employees that are high-paid but too valuable to loose and they don't have much to do cause their programs are not funded for FY21. All others are LR'd in Oct.
yep! "Specialized skills", "Hired Only when equivalent skillset in US resident is not found".. is BS! H1B is to white collar jobs what illegal immigrants are to blue collar jobs. They help to control the inflation of wage within an upper bound. No less, no more!
isn't H1B supposed to issue to those engineers who we cannot find in US. Unfortunately, it is no longer the case for many years. Many Indian IT consulting companies bring in tons of cheap (not necessary top) engineers to US and then steal our jobs. Even though they are supposed to work as independent contractors but in fact they work more like full time employee. It is the way for Cisco and many high tech companies to save money and sometimes promote those contractors to become full time employee and replace our jobs. On average, their pay is unreasonable low like 5+ year experience with 85K annual salary, especially those hired directly from India. US government should reconsider how H1B visa should work this day. Every company hiring H1B engineers which publicly report in quarterly basis, how many of them are hired.
As well Option 2 does not PROTECT you from Option 3.
DON'T take Option 2. If you get LR'ed in a few months, your compensation package will be based off Option 2. Hold your guard if you have not been offered Option 1.
I believe they stated that taking option 2 does not preclude you from being considered for Opt 3.
This was asked during the Q&A session. Option 2 does not exclude you from options 3
Guess option 3 will roll regardless H1B/citizenship. They don't care what will happen to you after.
What's not clear is if option 2 exclude one from opt.3.
Or you take a cut and leave anyway