I work in the IBM Federal Division and after 15 yrs and all good and even great performance ratings, I was given 90 day notice March 2. Yes... it's true, now the package has been reduced to one month pay but for the 90 day period, no one is going to expect anything from you expect to look for a new job so while I would have under the old plan been eligible for 6 mths pay after 30 days now I essentially just get 4 months altogether. This comes on the heals also of an announcement soon to be made that in certain areas of IBM, the 401K match will be sliced frm 6% to 3% match. US companies are just chipping away at US resources and frankly it sucks and you know what... the ONLY presidential candidate saying anything is Trump. I wish someone would be but they're not. US companies need to pay some hefty price for destroying the middle class and ruining peoples lives! US business and the business practices they employ are simply pitiful!!
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Sadder still is that the American MD's are the ones that get compensated blood money for every H1B Head they bring in and even more money for every American Head they take out. Their compensation coupled with the fake "Operational Excellence" team I would re-label as "Black Ops" are rewarded for producing %$#t processes and taking American jobs/lives. I don't even know how they can look at themselves in eyes in the mirror every day as they eat through companies and their own like Cannibals and is only a matter of time until they will have eaten alive the foundation they are standing on. How do they explain what they do to their kids?
More on the topic: @G8ge6JB
Trump was explicit last night in Detroit - here is the transcript:
KELLY: Mr. Trump, your campaign website to this day argues that more visas for highly skilled workers would, quote, "decimate American workers". However, at the CNBC debate, you spoke enthusiastically in favor of these visas. So, which is it?
TRUMP: I'm changing. I'm changing. We need highly skilled people in this country, and if we can't do it, we'll get them in. But, and we do need in Silicon Valley, we absolutely have to have.
So, we do need highly skilled, and one of the biggest problems we have is people go to the best colleges. They'll go to Harvard, they'll go to Stanford, they'll go to Wharton, as soon as they're finished they'll get shoved out. They want to stay in this country. They want to stay here desperately, they're not able to stay here. For that purpose, we absolutely have to be able to keep the brain power in this country.
(APPLAUSE)
KELLY: So you abandoning the position on your website...
TRUMP: ... I'm changing it, and I'm softening the position because we have to have talented people in this country.
Source: https://www.washingtonpost.com/news/the-fix/wp/2016/03/03/the-fox-news-gop-debate-transcript-annotated/
H1B is exactly the issue, Trump recently supported the issue saying there not enough trained Americans!!
I say like all the rest they are driving us out. I went on medical leave a while back, gone for a 1 1/2 year returned to my old job and found half of my old team was replaced by H1B. It was not long before I had a early retirement package offered. I took it!
No , Trump is not the only one bringing up pay inequality Bernie Hilliary, Jeb Bush to name just a few! Don't drink the Trump Kool aid!
This is from Qualcomm's page here: Post ID: @FlBD4hi-1uic
Disney is the worst of them all - they have a corp office in Orlando, very close to the park, it's on Celebration way - it's like an IT factory, they've built it recently. The carnage is taking place there, not in the park. They are working with a ton of outsourcing companies and laying people off. So for example, they would work with Accenture, and let's say you work for 50 bucks/hr - Accenture tells them, hey I will replace that guy for 30 bucks/hr. But the issue is they cannot find anyone who will do it for 30, so they go to Accenture India and they bring someone from there to work on-shore in Orlando here. So, accenture pays the guy 20 bucks and they pocket 10. The guy is totally underpaid in US terms, but in Indian terms he just doubled his salary.
So you have armies of folks like that who come through Infosys, TATA, Accenture, Deloitte, it's the same concept - the consulting companies have relationships in IT departments, they walk around and look what parts of business they can take, and they pitch low cost resources - it works most of time.
This has nothing to do with 'best and brightest" concept that #H1B was to cover - this is pure labor arbitrage where the outsourcing companies are making a ton of money by f---ing American workers.
All management at the target company knows about this, they are part of this scam as well.
Finally, here is the kicker - the visa application process is expensive and cumbersome (I think it's over 1000 bucks to apply). Also, if you apply you have about 10% chance of being accepted. So, what Infosys (and other) does is compensating the cost - so they will make let's say 10,000 applications, they pay ten million for that but they will manage to get only 1,000 people a visa - it's still good for them as they make 30K per resource a year, the average tenure on a contract is three years. So on each person they make 90K in three years, so on 10 million invested, they get 90 million in outsourcing revenue - this stuff is pure margin for them (let's say 80% margin as overhead is minimal).
So, if you look at the stats with TATA, Infosys, WIPRO, etc. bring in 3K every year, there is ton of money in this game - this is HIGHLY profitable for them, as contracts are long term and they go so deep in that the client have very difficult time getting rid of the folks who get hired.
I hope this helps...
One of the key reasons you lost your job is that every year 100,000 IT resources are imported at low rates via #H1B visa system. The system is designed to bring in the best and the brightest of the world, in reality, they are bringing in low to medium skilled workers and they are paying them 50% of what the market would bear here.
For example, companies like Tata, Wipro, Accenture and IBM will bring in a testing engineer at $60K/year and replace a $100K/year domestic testing engineer. The vast majority of H1B folks are brought in to work at low and med level jobs - has nothing to do with talent, it's all about compensation. Once they are in, they are stuck at $60K (legal minimum) for about 5 years and they cannot move companies as they would lose the visa sponsor.
So, do your math, and figure out how many Indians were imported at 50% of regular wage since late 90s - what's that, probably 20 years of imports, at 50K to 100K resources a year, you see where I am going with this.
Trump was strongly opposing this scam, however he flip-flopped on it last night and did a full 180 on the issue. In addition, really, this has nothing to do with the president as it'll have to clear the Capitol, and I am not sure if that would ever happen.
Also, keep in mind, Trump's rhetoric about tariffs is a zero sum game - while we have a large deficit, it's only a few percent of our international trade - so, if you start with tariffs you basically shut down international trade which is great as we will not be importing shirts from China and we'll start making them in Yuma, AZ. But on the other hand, China will also stop buying Cummins engines, Boeing Airplanes, IBM Consulting, etc. So, now we are all fair and square, and they do not f--- us anymore, but now we are both f---ed and shipped back to our lovely economic medieval swamps.
I'd rather have a status quo even though I hate everything about it - going Trump is a suicidal experiment...