Thread regarding U.S. Bank layoffs

Great life cycle comment. That's exactly what management is doing.

• Go into F500 non tech firms where management is often more MBA background than tech.
• Promise to undercut competitors per body, selling to someone who thinks number of bodies is more important than work output.
• Once in, take care of client manager who owns vendor relationships. I have seen free golf trips to pebble beach, whatever the manager's passion is, they are about to get a lot of it free.
• Find in India young people who couldn't find any possible better job. Sign them to horrible contracts they can't easily get out of. Promise they will eventually be sent to America.
• Flood the H1B lottery process with all of these offshore workers. Land a number of them H1B's.
• Send H1B's to client sites in America. Severely underpay by US standards.
• Since the H1B's they sent are fairly weak in experience, education, and skills, the vast majority can't find other employers to port their visas to.
• It takes decades now for Indians to go from H1B to greencard, so these firms sponsor greencard knowing they get to keep their employees virtually for life at extremely low wages.
• Those in IT departments in these F500 firms get frustrated working with substandard bodyshops, so leave for better run firms, causing huge IT problems within the firms.
• With the higher quality employees leaving, management feels stuck, as the bodyshop employees start appearing to be keeping on the lights, as badly as they are doing.
• Very high cost boutique consulting firms step into the void to get work completed, while the bodyshops do the lowest level tech work. The boutiques will often be charging $500k a year per person to replace each of those old longer serving IT staff members who left the firm (who were often of salaries closer to $100k-$150k).
• Eventually, even management starts moving on from the firm (as budgets have blown out, IT quality has plummeted). Since so many bodyshop H1Bs are Indian, often Indian management is then hired to take over, making it much easier for the bodyshops to work with decision makers. Now there are relatives who can be hired offshore, and a myriad of ways to ensure the manager would never move on from the bodyshop.
• The bodyshops are entrenched in the firm for life, continuing every year to bring in more of the H1B's.
• The bodyshop makes a fortune.
• The boutique firms make a fortune.
• The smart old employees join the boutiques and are earning far more.
• The business side is left wondering why their IT department quality is so terrible, without understanding the lifecycle above.

I have been, it’s a big show they put on to impress execs. Sadly the offshore workers aren’t even in the same location and often times fly in for these meetings for “show”.

@nht+1sM84stp nailed it. With the co-mies in charge it truly sounds like North Korea regime taking over the ranks.

Actually it’s being changed to North Korea 🇰🇵.