https://www.xe.com/currencycharts/?from=USD&to=INR&view=5Y
The higher that goes on the chart on the right?
The cheaper indian labor is for a US corporation.
India in particular is experiencing currency collapse and this does NOT work in your favor.
Its over 30% cheaper to pay someone in india than it was 5 years ago. This means that you either need to be 30% more productive or bring in 30% more in revenue, else the bank is losing out on the labor triage (they are taking a loss by keeping you).
You can NEVER outrun currency devaluation - the differentials are just too great, the opportunity for cost savings are MASSIVE, and the executives are incentivized to make stock go up by ANY means.
Charlie chose specifically to be paid if the stock goes up.
"Show me the incentive, I will show you the outcome" -- C. Munger
If getting rid of 80000 employees means his options vest in the money? Its a no brainer what he will choose to do.
And there are zero US labor laws to stop him.
It also means that your career is dead at this bank - stop working so hard, stop worrying, re-skill into something that cannot so easily be off-shored and just wait for your severance package.