When I was hired at USB about 5 years ago I was surprised by the number of people were offshore. Also surprised by the number of employees who were from India or other countries. Didn’t really think much of it until I was the last American born person on my team of 10 and I was the one part of a larger RIF.
Anyone know if the bank is limiting H1B now that their plan is to ramp up the offshoring jobs to India? Anyone know any H1Bs who have been part of a RIF?
5 replies (most recent on top)
@ad OP here. Yep. Manager was from India and all my teammates were too. Myself and the other American born teammates were all RIFd, myself being the last of us.
U.S. Bank's Management Committee (MC) logic is straightforward and cost-effective for RIF processes.
H1-B visa employee: Wait until their H1-B visa expires, which is typically three years from the day they joined U.S.Bank, and provide a advance 90-day notice period of no visa renewal. This is technically not termination and avoids costs associated with severance and labor department fees.
For non-H1-B visa holders, we know the process is consistent with other banks and corporations, and U.S. Bank follows the same protocol.
Not renewing H1B is a suprise to me, being the last American on a team and gettingf laid off is not, expecially if your manager is from India.
They conducted a RIF of over 1,000 H1-B workers last year (according to my HR contact) by not renewing their 3-year term of the H-1 B visas. I know a few colleagues on H1-B (my peers) who received a 90-day notice before their H1-B visa expired (pending another 3-year renewal or I-485), but the law only requires a 60-day grace period. I did not hear that anyone on H1-B/RIF has been paid severance, unless they did 10 years of service and are 55+ of age (from a trusted HR source).
Same here. They are not renewing most (if not all) H1Bs when the Visa term expires (3 year/6 years term), so in 2025 (last year) they let go about 600 of them (I am told some got 1-2 months of severance, but no official data nor is required to pay per law). Ones who were lucky to become Permanent Resident/U.S.Citizen - You know....