We went from working with the vendor’s offshore contractors to now converting them to FTEs and bringing more of them. At the same time, hiring here is being scaled back, and I’d expect local headcount to keep dropping as the India team ramps up. Wondering how you see that playing out.
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@b0 Indian government would be correct as SBI is a public bank unlike USB. Also capitalism vs socialism is at play here so not exactly an apples to apples comparison. But I get your point and agree that American companies could learn a thing or two about self-preservation.
Imagine if an American was made the CEO of the State Bank of India (SBI). And that American CEO was going to fire half of the Indians and replace all back-end IT/security with Americans.
The Indian government would literally laugh you out of the room and send the military to seize the bank.
@ak so what's your point? I'm the comment below you about firing someone soon. This bank's leadership is all about bragging about working together but the person I'm going to fire is a part of a team that really needs to be together but they will gladly throw that idea aside if it means they can get somebody offshore 12 hours away.
Oh I didn't tell you they're going to force us to put in 1 to 2 hours in the late evenings to coordinate with them. And that will be ON TOP OF our 8 hours during core Business hours.
We put people first here at US Bank as long as those people are not American. They have to be the same nationality as our CEO.
@OP My team has hired 2 onshore in the last three months. Have also hired 2 contractors, both onshore
I have someone who's going to get fired soon because they don't meet a certain expectation. Trust me they deserve it.
I am being forced to backfill it with someone in india.
So yes the executives are outright lying to you when they say that they're not destroying us jobs and creating India jobs.
India is taking over america. They are winning the war. Not only are they taking a lot of jobs onshore with H-1B they're actually also taking live jobs via offshore. Slowly destroying America. Just like China did in the 80s and 90s with manufacturing.
But hey Trump says the stock market is up and inflation is not a concern.
The onshore employees who survive the cuts can look forward to the real reward: impossible workloads, relentless pressure to deliver projects and products, and the privilege of babysitting the offshore team while being held accountable for every one of their mistakes. Eventually, once they're trained well enough to either fake competence or be slightly less terrible at the job, the onshore counterpart becomes expendable.
From there, the cycle is predictable. You're either handed a "Needs Improvement" rating despite carrying everyone else's work, or management just keeps piling on more responsibilities until you burn out. Then it's rinse and repeat with the next person.
And for the lucky few? Congratulations, you might earn a "promotion." Except it's really just a cost-cutting strategy dressed up as career growth: an extra $10–15K to do the work of two people in a high-growth area, saving the company from hiring another six-figure employee. What a deal.
The script is so predictable that everyone can recite it, yet the company still expects people to applaud it as "growth," "transformation," or "efficiency."
Yes and they’ll bring some of those FTEs on a H1B visa using the process below. It’s the McKinsey way.
- Go into F500 non tech firms where management is often more MBA background than tech.
- Promise to undercut competitors per body, selling to someone who thinks number of bodies is more important than work output.
- Once in, take care of client manager who owns vendor relationships. I have seen free golf trips to pebble beach, whatever the manager's passion is, they are about to get a lot of it free.
- Find in India young people who couldn't find any possible better job. Sign them to horrible contracts they can't easily get out of. Promise they will eventually be sent to America.
- Flood the H1B lottery process with all of these offshore workers. Land a number of them H1B's.
- Send H1B's to client sites in America. Severely underpay by US standards.
- Since the H1B's they sent are fairly weak in experience, education, and skills, the vast majority can't find other employers to port their visas to.
- It takes decades now for Indians to go from H1B to greencard, so these firms sponsor greencard knowing they get to keep their employees virtually for life at extremely low wages.
- Those in IT departments in these F500 firms get frustrated working with substandard bodyshops, so leave for better run firms, causing huge IT problems within the firms.
- With the higher quality employees leaving, management feels stuck, as the bodyshop employees start appearing to be keeping on the lights, as badly as they are doing.
- Very high cost boutique consulting firms step into the void to get work completed, while the bodyshops do the lowest level tech work. The boutiques will often be charging $500k a year per person to replace each of those old longer serving IT staff members who left the firm (who were often of salaries closer to $100k-$150k).
- Eventually, even management starts moving on from the firm (as budgets have blown out, IT quality has plummeted). Since so many bodyshop H1Bs are Indian, often Indian management is then hired to take over, making it much easier for the bodyshops to work with decision makers. Now there are relatives who can be hired offshore, and a myriad of ways to ensure the manager would never move on from the bodyshop.
- The bodyshops are entrenched in the firm for life, continuing every year to bring in more of the H1B's.
- The bodyshop makes a fortune.
- The boutique firms make a fortune.
- The smart old employees join the boutiques and are earning far more.
- The business side is left wondering why their IT department quality is so terrible, without understanding the lifecycle above.
The time for speculation has long past, this has been manifesting for almost two years
My guess is yes. I was recently informed that my position was being eliminated, but was still eligible to apply for positions within the bank. Teams I have reached out to that had friends of mine in the bank said that they were not hiring any on shore resources at this time.
This is essentially the same thing that happened when we offshored manufacturing decades ago. We were naive to think it wouldn't happen to us in white collar jobs. Millennials got absolutely failed by the system, "get a degree, the debt is worth a stable job you'll get in return" but that social contract has now been completely destroyed as offshoring is no secret.
Minneapolis will eventually end up looking like Gary Indiana or Deereborne Michigan after they ship all the jobs to india.
If you are young enough where retirement is far enough away you need to figure how to secure a form of income separate from these rapacious corporations and their sociopath leaders, learn to gamble if you haven't already. The company will replace us all eventually.
Not at US Bank, but yes this could be one way of ramping up resources on to US Bank that are now trained enough on day to day business support activities that they have to do from India or the Philippines. From India is more likely. As these are onboarded and become US Bank FTE resources offshore, guess who will be offboarded and given packages in the US?
Here, read this from the Sh1ttybank board. There's no reason why the smaller banks couldn't learn from the same playbook:
https://www.thelayoff.com/t/1kv9fzwp8
This is how it works. They'll continue to ramp up and then look for other parts of our bank where vendors could do that role. It's a snowball effect.