As former mgmt I was told to start moving any position off shore (US). This included any supervisor or mgmt positions that by contract does not have to be onsite or US based. It a damn shame that they had profitable accounts that could easily support US workers. Non mgmt rarely get a raise while mgmt get 2 bonuses each year.. 15% to 30%. Instead of putting that money into the hands that actually drive the company, they choose to cut people yet keep the bonuses. Unless your position is a "key" role (by contract) , you are expendable. never think your job is safe here. This is where the gov't needs to step in... if a public trading company has a layoff then no Exec should got a bonus or golden parachute that year... end of story.
Bumped from an old thread ( @JVMEJIC-5Ryuk ) for new info.