Big Tech Conducts Mass Layoffs While Importing 34,000 H-1B Workers

Article:
https://www.breitbart.com/politics/2023/04/11/analysis-big-tech-conducts-mass-layoffs-while-importing-34000-foreign-h-1b-workers-to-take-american-jobs/

Analysis by EPI:
https://www.epi.org/blog/tech-and-outsourcing-companies-continue-to-exploit-the-h-1b-visa-program-at-a-time-of-mass-layoffs-the-top-30-h-1b-employers-hired-34000-new-h-1b-workers-in-2022-and-laid-off-at-least-85000-workers/

I'm sure the ratio of Verizon's American employee layoffs to H1B hires over the past 10 years is significant.

But Verizon is getting what they paid for. Since Verizon signed that 1 Billion dollar contract with Infy in 2018/2019, Verizon's stock has continued to drop.

It will be interesting to see what VZ does at the end of this year when that contract expires.

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AI is gonna kick yer but.

Rag papers with conspiracy nonsense

@qaf+1m6kLe08

Breitbart's article is about EPI's analysis.

EPI is a 501c non-profit American, left-leaning think tank based in DC, that carries out economic research and analyzes the economic impact of policies and proposals.

The EPI got their figures from the government: https://www.uscis.gov/tools/reports-and-studies/h-1b-employer-data-hub/h-1b-employer-data-hub-files.

So what exactly about that article is fake news?

What is fake/false is the claim by major corporations like Verizon, Google, Amazon, IBM, etc that there is a shortage of STEM workers in the US.

I give bad reviews on it tickets.

It's sad (and ironic) that so many people on H1B have been laid off recently from companies that are sponsoring new H1B visa holders.

You actually believe those articles are based on real facts? After all you did mention breitbart of all the fake news sites on the web.

The Infosys deal was merely a fraction of the overall business in IT, and had nothing to do with the stock price.

It's the poor leadership, bad investments in buying other companies, and really weak/bad marketing. Hans does not know how to navigate the business ebs/flows....

Call INS on your H1B and get them deported. Get a case open. Most will get shown the door. Most of them are here illegally, aka, they paid off someone in india to get here. There are tons at Verizon that got here that way.

Thread regarding Verizon Communications Inc. layoffs

Big Tech Conducts Mass Layoffs While Importing 34,000 H-1B Workers

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