"We will bring back American jobs back to the American People."
Will Follett struggle more?
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India freaks out over U.S. plans to change high-skilled visas
http://money.cnn.com/2017/01/31/technology/india-h1b-visa-trump-tech-companies/
Amid the hue and cry over President Trump's travel ban, news of another potential change to American immigration rules has set off a panic attack in India's tech industry.
Major Indian tech shares took a nosedive on Tuesday on reports that Trump is planning to make changes to the H-1B visa program that allows skilled foreigners to work in the U.S.
Shares in Tata Consultancy Services (TCS), India's biggest private sector employer, plunged more than 5% on Mumbai's stock exchange, while other top firms like Infosys (INFY) and Wipro (WIT) fell by more than 4%.
TCS and Infosys declined to comment. Wipro did not respond to requests for comment.
India's vast outsourcing industry employs millions of people. Its business in the U.S., where it provides engineering and other tech services to firms such as IBM (IBM, Tech30), Microsoft (MSFT, Tech30) and Citibank (C), is highly dependent on the H-1B visa.
The U.S. is worth about $65 billion to India's tech industry. Indian media warned of a major setback ahead.
"[It] is a fact that these categories of workers are in short supply in the U.S.," said R Chandrashekhar, president of Nasscom, which represents India's software industry. Restricting H-1B visas would "have implications for both Indian companies and American corporations as well," he told CNNMoney.
The former U.S. ambassador to India, Richard Verma, estimated last year that 70% of the 85,000 H-1B visas issued annually go to Indian workers. The visas, which are currently allocated by a lottery system, are hugely oversubscribed -- demand for them in 2016 was three times more than the number available.
Follett already collected millions of dollars in state of Illinois tax breaks for faking a move out of state. They will be first in line for Trumps tax breaks. #crookedFollett
If you lose your job does it matter if it went to Mumbai to someone who'll work for 30% of your salary or if it goes to Arkansas to someone who'll work for 40% of your salary. When trump promises tax breaks for keeping jobs here, it doesn't mean your job stays with you. There are plenty of places where young, hungry workers will work for less than you. follett can cash trump's tax break AND cut payroll. KaChing!
Someone must of been watching the inauguration. While it's a lot of talk, look at past presidents doing all the talk and promises and where was the change? I felt very cheated by the past one. I should of known, he was from Illinois. That right there was a red light. Nonetheless, the company is dying. Nothing is few souls can do anything. It's talking to deaf ears or brick walls. We are just the minority.
You're welcome
Follett will improve. No offshore projects have been a success. Just look at the millions wasted on CTWeb, ORPOS and eFollett. Nice job SS and MF.
Trade wars.
Have fun.
Both side suffer.
Nobody wins, everyone loses.