Thread regarding Oracle Corp. layoffs

Agreed, 1,000,000.00, then they have to be paid the same amount of the American their replacing.

thank you for your excellent show on H1B visas. I wonder if anyone has considered raising the price for H1B applications for companies to $1,000,000?

Another 85,000 H1-B visas just issued, despite American tech workers being laid off. You can read about how US workers are personally hurt by this here -

http://insights.dice.com/2016/11/30/trump-kill-h1b-program/

@Mo2exBG-3qhe---We Americans are capitalists. We all want to pay the lowest price for everything including wages. I doubt that Trump will do anything to change this. It's the American way of life and the world is catching up to us. The GENIE is out of the bottle, we had it so good for so many years. Welcome to reality!

Why limit the discussion only to H1B visas? Companies such as Citigroup use external contractors such as First Derivatives to hire thousands of workers on E2 Investor visas. These immigrants displace US workers earning a much higher wage. E2 visas have no salary cap. So my colleague earning $120,000 was replaced by a Citibank E2 visa holder earning $30,000. This is unfair to US citizens that pay their fair taxes and a misuse of the Investor visa scheme.

Tata & Wipro and other Indian companies are they ones abusing the H1B the most. They win a huge outsourcing contract because they can do the work cheap. Even after applying for an H1B and paying the fee, they pay for travel and airfare (sometimes billed back to the client), and the employees who they are replacing are forced to train them in exchange for a severance and letter of recommendation. Once they are trained, the employee that is paying taxes is laid off and the employee goes back to India. The whole time he is paid peanuts, way below the prevailing wage. That is what is happening.

Where companies like Oracle abuses this is they just outsource the jobs and bring the workers here for training and then send them back to India. If this is blocked, they will just train remotely. Stopping H1B is not going to stop companies from outsourcing.

@2nfi GOOG and MSFT hire only a small fraction of H1Bs... The program is intended to benefit companies that behave like GOOG but it's not how things are playing out. 50%+ of H1Bs are paid at the very low end of the spectrum, barely making the minimum prescribed by law. For

Alternatively, you may check out the numbers below, you'll see three positions that GOOG filled with 70K engineers in 2016 (there are many more, but here is just three for you)...

http://h1bdata.info/index.php?em=Google&job=&city=thorn&year=2016

So let me play this out for you - the three positions at issue are in Thornton, Colorado - north of Denver and east of Boulder, the city of #gold. Google runs a data center over there and there is not much talent around - yet, if they were to pay a reasonable and market price for the positions, let's say 120K instead of 70K, you'd find a bunch of folks from Michigan or Oregon who would move there in a snap. The money is good and the company is stable. Yet, they opt to keep the wages low and fish for foreign talent at 70K which is not the market price. So, in order to avoid paying market, they are importing resources with no import tariffs.

So, let's invert this a bit. Let's try to do the same thing with doctors - so, I think that $200K family doctor is too expensive, let's import Russian MDs with excellent training and keep that price at $100K. How about accountants and lawyers, let's do the same thing. Veterinarians - OK, that works too, nurses - we have a shortage, let's do it. On, and on, you can cover pretty much every profession here and there will be millions of people from all over the world lining up for those jobs. Yet, we don't do it, we pay market prices and supply/demand self-regulates. Yet, in tech, we somehow created this monster immigration program that hurts both domestic workers by depressing prices and the population as the whole as potential entrants into IT job market are deterred as entry level position compensation is kept artificially low.

@2bjx wouldn't you blame your ancestors for coming here as well? I am not trying to be smart here, I am just trying to say that it's OK to seek betterment for your family and this place provides safety, security and opportunity to work and do well. I think there is nothing bad with that.

The problems start when you have a corrupt process or system. The cases in point:

• #H1B program which is heavily skewed towards filling the openings with Indian resources via outsourcing firms which mastered the game).

• Illegal Latino immigration via a purposefully porous south border (benefits Democrats)

• Corrupt legislature which benefits from both bullets above (Financially for bullet 1 and via votes for bullet 2)

Just my two cents on this heated topic...

@Mo2exBG-2ycp

Most H1B are already loaded at home. The visa to work in America is a way to launder money out. The student visa is just another way of buying your way and then your family and relatives to America. There are a lot of smart and capable engineers that could not buy their way out just because they do not have the cash or connections. We are blaming the Mexicans but should look at what other nationalities too.

Some of the consulting companies pay H1Bs low salaries but most american companies such as Cisco, Microsoft, Google pay everybody equally. Now get back to work

There is loophole and needs to be fixed. But seriously why do we have one side of the story . If this is the salary one gets why do we see them buying million dollar houses and see them affluent with expensive cars and spend obsessively on kids private school ...

And Oracle continues to increase jobs in Romania for low cost workers while they layoff loyal experienced veterans here in the US

see the nasty practice indian management. All techies over 35 are considered outdated and fired.

The news press release of top Indian IT services CEO.

http://economictimes.indiatimes.com/industry/tech/ites/a-techie-and-above-30-you-are-most-likely-to-be-fired/articleshow/57509522.cms

urgent need to contain the damage the brick mortar cum tech indian IT players TCS, techm mahindr and wipro as they are trying to bring down slaries to slavery level and exploit the service sector.

American are justified in claiming H1B is badly misused. Indian companies are indulging excess profiteering even in the domestic job market. Senior employees are systematically being denied opportunity to work on new technologies and the fired after they train junior employees.

many of the victims of the practice evolved by nasscom aligned companies fall in the age band of 35-45 years are falsely labeled as technically outdated and non performers. They are denied credit for their work for period of 2-3 years and them labeled as mediocre nad placed in special bucket list which is secretly maintained. Once a person is put in the bucket the person will find himself frequently on bench and denied allocation into project even if he is found suitable and clears client interview. companies have cruel practice of not hiring those who are not on working, effectively ending careers of the people who are fired.

Indian IT firms have some very outdated and bad HR practices that snatch all right of employees.

One of the best software engineers I ever worked with had a degree in Art and another had previously been a lawyer. The most senior VP of engineering at Oracle (TK) has a degree in electrical engineering, just as I do. Hitech recruiters who limit themselves to recent doctoral graduates in Computer science are missing out on a lot of talent.

How come saviour trump is so quiet. Just false campaign promises that he would reform h1b on day 1

H1B or not doesn't matter. The company hires new college grad to replace you all. The top guys don't care about the employees. They pay themselves big bucks, make wallstreet happy and cut your raises and bonuses. Oracle salary is constantly below market. That's a fact. You can check it on Glassdoor.

It's all about cutting cost at this point - ask yourself a question about how come that you have so many skills, work under deadlines, have degrees more than a thermometer but still your wages are not that great (yes, it's more than average, but your skills are well above average as well)

If they really wanted talent, they'd go after $150K+ resources, not 60K+ (or whatever that low threshold is right now).

H1B abuse is ridiculously widespread among hi-tech companies. It's only getting worse as government/public place like UCSF does it while pleading ignorance. On the other hand, we have many hi-tech CEOs perpetuating the myth of having shortage of high-skill employees in the US.

US corporations have been doing this practice for years, hiring H1B visa workers and not US citizens, claiming they couldn't find the talent in the US. The US corporations get lower paid workers who are treated like crap because these H1B workers are STUCK at that corporation as they can not change jobs due to visa issues. The sponsoring corporation 'owns' them.

The guy on the video Mukecsh Aggi is the CEO of L&T - and, L&T plays the h1b game like nobody else

This short segment sums up the program:

https://streamable.com/e6tzq#CBS-60-Minutes-H1B-Scam