Thread regarding Charles Schwab Corp. layoffs

The Nepotism is Out of Control

I’m sad to say this, but unless you are of Indian descent, your days in a technology role are numbered. I see it happening everywhere. People leave, and a certain type of person takes their place. It’s happening before our very eyes whether anyone wants to admit it or not. A few high level positions are filled by Indians, and now it’s a avalanche.

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| 3332 views | | 24 replies (last April 8, 2025) | Reply
Post ID: @OP+1jjwe3qn1

24 replies (most recent on top)

This is discrimination. I have seen people from other races (citizens) struggle to find a job in this market.

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Post ID: @9vs+1jjwe3qn1
Indians receive near 75% of H1B visas. Our high paying jobs are going to them instead of Americans

Imagine if these same individuals were hired directly for offshore positions; you wouldn't have any valid grounds for complaint, would you?

De-Dollarization is way head to stop all migration issue.
Should other countries subsidize the United States for their consumption? Additionally, would you support de-dollarization and the cessation of immigration?

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Post ID: @895+1jjwe3qn1

Indians receive near 75% of H1B visas. Our high paying jobs are going to them instead of Americans.

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Post ID: @85d+1jjwe3qn1

There has been a significant influx of L1A visa holders from 2020 to 2024, with many individuals receiving Green Cards during this period. It is important to investigate why there is such a high demand for managerial positions by service companies, even within the United States. if you ask top 6 service company they would only 400 executive positions. if service reduce the managerial position they make profit.

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Post ID: @3n4+1jjwe3qn1

So one filed lawsuit on L1-A , guy lives in denver
TCS ex-employee alleges ‘visa fraud’, claims ‘gaming system’ to bypass H-1B rules and US labour laws, says report

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Post ID: @30q+1jjwe3qn1
If Schwab had better technical leadership over the past 15 years, we wouldnt need offshore or H1B.

If Schwab had leadership over the past 15 years…

Ftfy

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Post ID: @2vg+1jjwe3qn1

If Schwab had better technical leadership over the past 15 years, we wouldnt need offshore or H1B.

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Post ID: @2nq+1jjwe3qn1

I am curious as to why we are seeing non-technical graduates on H1B and L1A/B visas, particularly those with Bachelor of Arts and Master of Arts degrees from India. It seems that some individuals are even seeking EB1 classification based on their Arts degrees within service companies, which raises questions about the qualifications and criteria being used in these cases.

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Post ID: @2jm+1jjwe3qn1
Tech teams even at Schwab were the majority are Indian and on visa.

Because It easier to manage people on visa, simple.
and Service company have people in pipeline as backup if some become over smart or leave, they can replaced on a drop hat.

Meanwhile American citizens are struggling to find a job in the current job market.

Reason is because job market have shifted.

  1. people on visa have leave after certain period of time if they are not on payroll.
  2. Which citizen cannot leave, so you see who are present but never know how many left on visa.

Visa is USA leverage on India.
Take economic scenario, what if Russia, India, China start offloading US debt?
Do you have any idea what kind price you have pay for egg , which DEAR LEADER is not able to bring down?
USA biggest export is "INFLIATION" to outside USA.
US greatest LEADER NIXON gave one thing that DOLLAR economy .
Just think what will happen if DE-dollarization start

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Post ID: @1ec+1jjwe3qn1

Someone has to sue for this kind of nepotism. Tech teams even at Schwab were the majority are Indian and on visa. Meanwhile American citizens are struggling to find a job in the current job market.

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Post ID: @1e5+1jjwe3qn1

It’s tragically like this across many American firms, as well as educational institutions.

Not sure why we tariff products from other countries, while ours allows corporations to get away with this practice and not invest in its own citizens careers. Corporate greed. Then much of this money routes back to India to join BRICS… I believe Elon shut Trump down in blocking this, big sign of corporate greed taking over public policy.

No incentives for any American kid to go into a STEM career anymore. You won’t find a job. I guess it’s DEI being “ok” in some instances but not in others…

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Post ID: @1d3+1jjwe3qn1
I am an Indian and I rejected many Indian candidates that my boss wanted to hire just because they were not good.

Will you work from Hydrabad ?
There would lot technical work soon?
or will you jump to org where people are ready to file H1B/I-140?

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Post ID: @zg+1jjwe3qn1

Rama here. Schwab is about adopting new technology and moving fast. We are embracing AI. No not more Application Instances, and not Aritificial Intelligene. All Indians.

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Post ID: @ya+1jjwe3qn1

Y'all are all fighting among yourselves while your white guy executives giggle.

"I'm a great worker my boss is lucky to have me on the team"

¡Ay caramba! they do not care

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Post ID: @vr+1jjwe3qn1

As soon as I see the outline format post, I know it's the same guy that is completely incoherent and no one can understand. Why do you continue to post here? No one understands what you're saying and your logic is completely d-mb. Please leave.

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Post ID: @vm+1jjwe3qn1
I am an Indian and I rejected many Indian candidates that my boss wanted to hire just because they were not good. Also my director who was laid off last Oct wanted to hire folks from his pervious company. This needs to Stop ASAP.

Which Category you fall in

  1. ABCD (American born confuse desi)
  2. Just joined Schwab as Intern (from college)
  3. Joined Schwab from outside (jumper Type 1)
  4. Joined Schwab from Inside (Jumper Type 2 , Switched from Service to Schwab)
  5. Wanting GC (Need I-140 filed to continue beyond 6 years)
  6. GC / PR/ Citizen ?

Choose One of Them and I can tell why you are doing this
Rejection can be possibly 2 reasons

  1. Insecurity
  2. Your juding them point of view to level which they may not be now
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Post ID: @vf+1jjwe3qn1

Yes this is true. I am an Indian and I rejected many Indian candidates that my boss wanted to hire just because they were not good. Also my director who was laid off last Oct wanted to hire folks from his pervious company. This needs to Stop ASAP. Now my manager wants to hire only women. This needs to stop ASAP. Hire people who are good problem solvers at least in STS that's what we need.

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Post ID: @py+1jjwe3qn1

I am Indian, my manager is Indian, and even my manager’s manager is Indian.

Most of my teammates are also Indian—around 80%. Sometimes, our meetings happen in our native language.

Me and my friends circle, who are all in the IT sector, mostly care about promotions, money, and moving up—that’s how it works in India, and it’s the same at Schwab. This is how most IT teams are, though there are always some exceptions.

But honestly, I enjoy the technical work I do in IT. I ignore the office politics and just focus on my work and career growth—because, in the end, that is what matters.

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Post ID: @k2+1jjwe3qn1

I'm in tech and I have been interviewing. All of the hiring managers are of Indian descent and even if you ace their interviews, an Indian will end up being hired.

Honestly, the H1B visa needs to be slowly eliminated by not renewing it. Individuals with exceptional talent need to be moved to an EB-1A (Einstein Visa) and that visa needs to be heavily taxed. If the job market requires for more workers, the USA can bring in temporary workers. During a recession, they need to be the first to be laid off and not the American worker unless the company moves the person to an EB-1A visa.

We need to be more outspoken because once those high paying jobs are gone for citizens, the American dream will be dead.

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Post ID: @dy+1jjwe3qn1

If you’re white and qualified and try to move to a position under one of them. Well let’s just say it ain’t happening.

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Post ID: @d5+1jjwe3qn1

The same thing happened at Visa

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Post ID: @ah+1jjwe3qn1

We don't have* ... correction

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Post ID: @a4+1jjwe3qn1

And here i am wishing i could get a new manager who is not from an Indian decent. H$ll, most of my team (~80% indian) feels bad we have someone from our own place running the same tactics we wished to escape here in the USA.

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Post ID: @a3+1jjwe3qn1

I agree. This is an unspoken truth. I see it big time in AST.

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Post ID: @a1+1jjwe3qn1

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