This is the new long term WF strategy. Taken right out of the 1880 playbook.
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H1B's are not given to the most qualified or needed skills. They are dispensed through a lottery system there. This country is being taken over, while they are all building a middle class, we are increasing our lower class and putting a burden on government entitlements which will run out soon. WF cant even open a branch over there because all banks are gov't owned. but Shart and his minions will bail with their Multi Millions to some Tax Exempt Island while Rome burns. Its time to Wake up..although it may be too late.
Hard to argue that they "can't find candidates" while they are laying off thousands of tech workers. Shart does not want a domestic tech group, at all. To him it's nothing more than a service he can buy from India where techies will work for much less money. If there's roles that HAVE to be in the US, he'll contract as many of those as possible and what's left over will be a tiny fragment of what tech was and is. Unrecognizable, small, and not especially relevant. Just where shart wants it.
If you want less Indians on H-1B, perhaps its time to tell you kids and their friends to get off Instagram and TikTok, and take up Math and Science in college and get down and dirty into STEM engineering discipline courses. Doing humanities, history and philosophy doesn’t help with writing code or analytics or data science. Ironically, Indians on H-1B are making bank in Big Tech, buying up properties (creating American jobs in the process) and trapping your kids into mindlessly addictive apps and short and long form streaming content. Lmao.
WF, just like any other business, will continue to hire H-1B as much as the law permits when it can’t find candidates for specific technical job functions.
I think a significant number of contractors are H1B. It's still bad for American's. Maybe not as bad as total offshoring, but bad.
*native Americans
H1b in general does take jobs away from Americans when we have the talent here to do it. Heavy layoffs should in essence mean no more H1bs are needed. This is not a difficult premise to comprehend
H1B is temporary worker visa. It has been abused by In-diancommunity for so many years.
Wellsfargo is one the few banks with very limited h1b roles in place —most of the Indians here at the bank in US have green cards or are citizens and have come over after going through the legal process elsewhere standing in line for 10 years plus working the broken immigration process. Indians have it hard with the country quota on green cards which goes against individual merit..
Also you require a specific exception approved for opening a role to be eligible for h1b. Also h1b is tied to the specific job location.
Getting work moved to India is the new game
I'm not seeing H1B overhires now at the bank but I don't have a view into all the LOBs. What division do you think is overhiring in that field?
I would disagree, too many chiefs and Indians.
The rule should be that before any US teammate is let go, an H1B employee takes the cut.
How can companies complain, that they cannot find US workers with massive layoffs in our industry ? H1B hires only (or should) exist when they cannot fill the role with US workers.
Huge layoffs mean we don't need these H1B hires, its that simple.
Ok