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Intel Lays Off 12,000 After Seeking 14,523 H1B's
[Breitbart] Technology giant Intel announced April 19 it will fire 12,000 skilled U.S.-based professionals -- after already swelling its workforce with 14,523 requests in Washington D.C. since 2010 for visas to import foreign professionals through the controversial H-1B and Green Card programs.The company said the layoffs were part of a restructuring plan to help shift its focus from desktop PCs to mobile devices. But the company is very profitable, and first-quarter 2016 profits were 14 percent above predictions. Amid the layoffs, Intel is one of the nation’s largest users of the H-1B outsourcing program which allows companies such as Disney and Abbot Laboratories to replace white-collar American professionals with cheaper professionals from India, China, and other countries. Posted by: Besoeker 2016-04-22 |
| http://www.rantburg.com/poparticle.php?ID=453454 |