Anyone attended a town hall meeting this morning? During their laughable TED talk, it was brought up that India has the largest headcount of State Street employees at 19,000. Let that sink in. At this rate, the only people will have jobs in the US are the SVPs and their Indian H1B1 workers.
There is something definitely going on with the requirement process where Indians are getting preferential treatment over other ethnicities and locations. Right now, all recruiters are based in India and it seems they are mainly focusing on candidates that are from India. I noticed even for local job reqs, Indians living in the US are being selected over other candidates for jobs and promotions. Its fine if someone is more equalified should get the role or promotion, but most of time I find out these Indian workers were just good at lying on their resumes and interviews and we have to pick up their responsibilities.