We all know FIS is moving some U.S. employees to Cognizant rather than directly laying them off, with those employees becoming Cognizant employees and continuing to perform work previously done for FIS. This is significant because Cognizant is currently under federal scrutiny involving H-1B visas and the potential displacement of American workers. There is currently no public evidence that FIS itself has been named as a target of that investigation. However, if U.S. employees are transferred to Cognizant and their jobs are subsequently performed by lower-cost foreign workers, that arrangement could potentially attract the attention of federal investigators. Outsourcing itself is not illegal; the key issue is whether the arrangement involves violations of H-1B or other worker-protection laws.
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The ONLY thing that matters is the checks for Steph and the Gang continue to clear. The gravy continues to barrel along…for now.