In other news: Late Cuban rights activist nominated for new hundred dollar bill.| Submit your comments on this article |
| Economy |
| Intel Lays Off 12,000 After Seeking 14,523 H1B's |
| 2016-04-22 |
| [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 |
| #6 Surprisingly enough, telephone sanitizers can be retrained to some engineering tasks, and some engineers would be happy to sanitize phones rather than beg for work on the streets. Just another "offset cost" initiative to feed dependency generating social support programs. Add the 'per unit' unemployment cost borne by the state to the reduced salary paid by the company for the replacement unit and you will find the company has a reduced tax posture and the state has a increased social support obligation that is satisfied by blending 'employment opportunity' taxes. |
| Posted by: Skidmark 2016-04-22 13:44 |
| #5 These are obviously not direct replacements. Hiring engineers and laying off telephone sanitizers. |
| Posted by: Thravimp Lover of the Antelope7006 2016-04-22 13:21 |
| #4 Illegal immigration and the H1B1 system are both being used by The One and Wall Street to THEIR advantages. |
| Posted by: Pliny Slomoting4470 2016-04-22 11:37 |
| #3 In other news: Late Cuban rights activist nominated for new hundred dollar bill. |
| Posted by: Besoeker 2016-04-22 09:01 |
| #2 Given what's been going on in american schools the last few decades, do you think it's entirely fair, P2K? |
| Posted by: g(r)omgoru 2016-04-22 08:30 |
| #1 Welcome to the oligarchy. Indentured workers |
| Posted by: Procopius2k 2016-04-22 08:15 |