Is there an end in sight?
14 replies (most recent on top)
@ck Things take time
All of it.
@1kc Pick any developing country that offers cost control, lax labor laws and global recruitment flexibility, while offering workers higher pay than local alternatives in their home countries. Think of cruise ship companies and consider their kitchen and hospitality staff. Their staffing model is certainly not random. Back office staffing for banking and fintech industries follows a similar model.
Bangladesh and Romania will be the new go destinations. India and Poland are becoming too expensive .
India is very skilled. Skilled at taking one request and turning it into 10. They purposely never process a request correctly but quickly close tickets and tell you to submit another leading to a bloated view of the volume they handle.
They also allow requests to sit forever with impunity. No one dares hold them accountable.
Meanwhile they receive accolades from management. It’s all a smoke show because behind the curtain, they haven’t accomplished any of the things that management claps like seals and praises them for.
@ap+1m57hmhh8 Not sure what you’re talking about. The folks in Pune are complaining hard. They complain to me every day. They are complaining so much that some work is actually coming back soon. But where? Who knows. Every day they are like: I have too much to do. They have me on too many clients.
Right @CD. Trump has been in office 6 of the last 10 years and did so much for us in his realm, “Sure Jan”
Absolutely. I’m seeing lots of reqs for London now.
If you think that BNY cuts jobs in US mainly because of offshoring, you are wrong. Nowadays BNY cuts roles everywhere, including India or Poland. Layoffs are not because of offshoring anymore, it is because of corporate greed.
Not to mention that people who are having visa issues are being transferred to the UK -
I know quite a few people moving oit of the US and taling their position with them.
Jobs are not staying here anyways
@cd Don't be so naive. Big Tech have the politicians in their pockets. The H1B visas will continue until the tech bros decide otherwise.
Won't be long until DC clamps down on the exportation of our finance and IT jobs.
There is no end in sight and, if anything, this is the new normal- expect a lot more. The building in Pune dwarfs all other locations and much of our work has already been sent there. They are super cheap labor that don’t complain like us (!)- they are just happy to be working. Pittsburgh is even known as “Little Pune” now with so many people from India working there and there is a love on foot the last couple years to move from the big building to the much smaller one across the street. Guess what that means? Less employees here, more in Pune (and Poland, too- super cheap labor there, as well).
No