Have these groups really been impacted. It seems like there is still a lot of people in this group who were not laid off/contract discontinued last year or last month. Shouldn't contracts be up for revision for consultants by now with it being 2024? Could employee's part of H-1b1 have a better chance of not being laid off due to Visa/red tape. The company is kind of lazy. I could see them sticking to the easier route.
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OP here @1vaf+1qVwsEOW No one is passing comments against a certain group just asking questions that I have heard others ask as well. It's nothing against anyone personally. Who are you to say what I am focusing on or not from merely asking this question.
Think practically. The ultimate goal is to reduce cost . Every manager is asked to build an offshore organization with consultants and less cost resources. Tech will be moved completely to offshore except top notch technology and teams. With a heavy loss reporting in last quarter what do you expect? Don’t think you are saved in this round or next round. Eventually you will face more pressure and your post might move offshore . So what can save us. Move to business side. Where offshore and H1B can’t work or might take time to adapt
The thought process can vary. But I see this from Company's perspective on monetary benefits:
Contractors: less cost than employee. No benefits or facility payments. Can let go anytime. These are again vendor H1b's and in fear of deportation. Hold them
External Contractors: less cost , no benefits. Fear of market outside. Unique/Niche skills. Hold them
H1B: less cost. Controllable by fear of deportation. If layoff, then the position can't be refilled for 1 year per US immigration law. Hold them.
US Citizen's and GreenCards: Can't control by fear. High cost than contractors or H1B's. Can let go and rehire. No visa restrictions for the person. So fight back. First option to let go.
@1ccl+1qVwsEOW Bingo. I work closely with a consulting company. I came to know Citi let go some consultants who are on H1-B visa in December.
So wrong thinking.
- For any employer it is very easy to let go contractors because they don’t have to pay severance and keep them on payroll for 3 months
2, Regarding visa ( H1B or L1), they have to leave country in few weeks if employer terminates job . They have to leave everything and leave or find another employer to sponsor visa. It is not easy for them
- Those who are citizens have other options I.e. claim unemployment or work anywhere
@1vwp Bingo!
It could be just my perception but I believe H1B holders, specially those with Indian nationality, will be protected as much as possible by Indian managers.
I wouldn’t be surprised if american nationals are selected in lieu of them.
OP - You are better off polishing your interview skills vs. passing comments against a certain group. Think about yourself and what you are going to do should you get the boot? Vendors are just going to jump to another client JP, Morgan Stanley, etc.
- Contractors are a good thing. They are a flexible workforce for teams that are capacity driven. Things get slow, lose the contractors, keep employees. Its a standard workforce model at Citi.
- Sponsored candidates aren't a group they would actively target. We need skills, and some skills aren't available with local talent. The reorg is not strictly budget focused, it is about simplifying. Sponsored candidates have/will be affected if their role is not needed, not because of their cost.