Thread regarding Wells Fargo & Co. layoffs

H1B

The H-1B visa is a nonimmigrant category that allows US employers to temporarily hire skilled foreign workers in specialty occupations. The program aims to address labor shortages in fields like medicine, education, and technology

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Post ID: @OP+1jhet44zh

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Does Wells Fargo Bank Na Sponsor H1B Visa? Yes, Wells Fargo Bank Na sponsors H1B Visa. The above sections on this page show the complete H1B Sponsorship data for Wells Fargo Bank Na. They filed a total of 520 LCAs in fiscal year 2024 with US Department of Labor.
https://h1bgrader.com
Wells Fargo Bank Na -- H1B Data - Salaries, Approvals, LCAs - H1B Grader

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Post ID: @h7+1jhet44zh

The H-1B is a temporary (nonimmigrant) visa category that allows employers to petition for highly educated foreign professionals to work in “specialty occupations” that require at least a bachelor’s degree or the equivalent. Jobs in fields such as mathematics, engineering, technology, and medical sciences often qualify. Typically, the initial duration of an H-1B visa classification is three years, which may be extended for a maximum of six years.

Before an employer can file a petition with USCIS, the employer must take steps to ensure that hiring the foreign worker will not harm U.S. workers.

Employers first must attest, on a labor condition application (LCA) certified by the Department of Labor (DOL), that employment of the H-1B worker will not adversely affect the wages and working conditions of similarly employed U.S. workers.

Employers must also provide existing workers with notice of their intention to hire an H-1B worker.

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Post ID: @h6+1jhet44zh

We need more insourcing, got it.

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Post ID: @ds+1jhet44zh

unlimited posts online regarding layoffs etc. Few things are common on all.

first and foremost is job role or title they have. most folks says I am laid off and doing Project manager role or Product owner role or QA role or admin or Director or VP role. how on earth its specialty job. we are talking about scientist or new aerodynamics research type work. companies keep doing wrong thing to save money and hire anyone but when someone is knocking door they will course correct.

second most issue is wage. Most folks complain they are making anywhere between 80k to 110k in San Jose/NYC/LA/San Diego/NJ ( like high cost living cities). That's level 1 wage or lower.

basically if you combine your job role and wage ( with tasks you perform day to day) will tell you why folks are laid off.

am I missing anything ?

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Post ID: @dg+1jhet44zh

H1B visa is a non immigrant program?! Pls stop abusing your Copilot access.

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Post ID: @de+1jhet44zh

For our jobs at least, if WFC couldn’t hire any H1B’s that would probably just end up being even more jobs they send overseas. At least H1B’s spend a good portion of their income in our economy.

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Post ID: @cj+1jhet44zh

Wells Fargo doesn’t have many H1B employees. The BIG problem for Wells Fargo is jobs outsourcing to India. Terrible for domestic workers.

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Post ID: @c5+1jhet44zh

lol

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Post ID: @bq+1jhet44zh

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