Thread regarding IBM layoffs

Big Tech Is on Steroids: Former IBM CEO, Sam Palmisano

7 minute video. At around the 3:48 mark he notes how well MS has recovered with their new CEO but no such comments regarding how well Ginni did.

https://www.youtube.com/watch?v=8jX8iJqtB7c

by
| 1713 views | | 4 replies (last ) | Reply
Post ID: @OP+16g1GaZ1

4 replies (most recent on top)

Sam is the person that laid the groundwork for IBM's decline during Ginni's tenure.

He can go f— himself.

by
| | Reply
Post ID: @1zss+16g1GaZ1

It always makes me laugh when the argument of “no available talent” is used to justify H1B. In reality, H1B is the oldest trick in the book for how to avoid payroll tax in-country. Payroll tax has been steadily increasing since the ‘90s as corporate tax rates have gone down. This is a trend across the US and Europe. As others have mentioned, the employer has the power in the H1B relationship, and given they can abuse it to avoid payroll tax too is a win-win.

Source: I used to do corporate due diligence.

by
| | Reply
Post ID: @1duz+16g1GaZ1

Big Tech corps like H1Bs because they cannot leave job as quickly as the US citizens. It is expensive to hire and ramp up people into their jobs – time is money. FB for example has a bootcamp where new recruits are matched with potential teams, a process that takes about a month or so.

by
| | Reply
Post ID: @sls+16g1GaZ1

Here is a list of the companies who sponsor the most H1-B visas in the US:

http://www.myvisajobs.com/Reports/2020-H1B-Visa-Sponsor.aspx

Lots of good information in there. Note some of the average salaries paid for H1-Bs:

Facebook: $166,068
Google: $143,373
Microsoft: $142,132
Amazon: $134,117

So much for the idea that H1-Bs are drastically cheaper than US citizens. There are obviously other, more corrupt, reasons that Big Tech likes them.

by
| | Reply
Post ID: @ues+16g1GaZ1

Post a reply

: