Thread regarding Bank of America layoffs

Charlotte BAC and H1B

Companies in Charlotte are stepping up their efforts to hire foreign workers – especially for information technology jobs – under a federal visa program that’s becoming a political flashpoint.

The H-1B visa lets companies bring foreign workers to the U.S. temporarily, to fill jobs requiring highly skilled labor. Employers say it helps them fill jobs that draw too few qualified applicants. Critics say some companies abuse it, replacing Americans with foreign tech workers willing to work for less.

Sometimes American IT workers are laid off after spending their final days training their foreign-born replacements.

Demand for these visa workers is growing especially fast in Charlotte. Last year hundreds of employers filed initial applications for more than 16,500 H-1B workers in the Charlotte metro area, many in technology positions. That number alone is bigger than the entire workforce of some of Charlotte’s largest employers.

Supporters of the visas, including local job recruiters, point to a shortage of skilled technology talent that is resulting in thousands of open computing jobs throughout the state. A lack of computer science majors graduating adds to the problem, officials say.

But in some instances, “companies that are bringing in H-1B people at the same time are having staff reductions in the same area – generally speaking, the IT area,” said Bill Chu, a professor at UNC Charlotte’s College of Computing and Informatics. “There are lots of H-1B people in Charlotte.”

A major source of H-1B workers is India, where experts say technology is a popular field of study and young, English-speaking workers are willing to move abroad for work. According to the federal government, 70 percent of H-1B visas granted in 2014 were designated for someone born in India.

Employers use the visas in different ways. Sometimes they bring a foreign worker with a specialized skill directly onto their staff. Other times, employers lay off Americans, then outsource work to firms that employ large numbers of #H1B workers.

In the Charlotte metro area, nine of the 10 employers who filed the most initial applications for visa workers last year were outsourcing firms, according to an Observer analysis of federal data. The exception was Charlotte-based Bank of America. The bank filed applications for about 380 visa workers, ranking it ninth. Statewide, employers filed applications for more than 33,400 visa workers last year.

Only a portion of such applications are approved each year by the federal government. Employers who received approvals can then enter a lottery held annually in recent years because of high demand. Last year, about one in three applications seeking 85,000 available visas nationwide won the lottery.

Federal data shows companies’ visa applications for Charlotte positions were up 39 percent last year from the year before – surpassing the roughly 25 percent increase nationwide.

In Charlotte, employers’ reliance on visa workers has some on edge about their own job security.

“It is a real concern,” said one Bank of America technology employee who spoke on condition of anonymity for fear of reprisal. Other banks, including Wells Fargo, have also filed applications for people on visas to work in Charlotte.

Read more here: http://www.charlotteobserver.com/news/business/article81676692.html#storylink=cpy

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Post ID: @OP+HJJM5s6

10 replies (most recent on top)

Under-qualified Indians stealing IT jobs is no longer a U.S. only problem ... it is also causing huge backlash in other parts of the world https://goo.gl/JIq2hE

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Post ID: @2dqf+HJJM5s6

LOL, it is so reassuring when all the placating voices of reason show up to quell the rants. PC police everywhere.

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Post ID: @1txs+HJJM5s6

Ok ppl, lets be intelligent here and not forget what this forum and conversation is about, direct your concerns to the bank and not insult each other. No one came in and took your jobs or anything else, the company chose to foreign talent which is a damn shame. You should know that not all Americans who lost their jobs are white ,please be sensible.

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Post ID: @1muy+HJJM5s6

It is amazing to me that anyone who points out any problem that seems to involve someone other than a Caucasian they are immediately labeled a RACIST!

I just don’t find the term productive. It cripples the conversation. No one wants to discuss the matter with you after you use that word.

If you believe that someone is a racist then point out why! Stop throwing around the “word” without any substance to back up your argument. If you are a foreign worker on American soil perhaps you should examine why you are here in the first place?

Many other European countries do not freely let in foreign workers if in any fashion displaces or inhibits a “citizen” of the country from obtaining a job. Do your research and stop being so ignorant on the subject.

This is in fact a BofA discussion forum not a platform for ignorance on racism.

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Post ID: @1quj+HJJM5s6

Oh yea, and if your mejico-an or Indian, double screw you and your "racist" comment. You love to throw that label around because you know it empowers you in America. It surely doesn't empower you in your homeland because it means nothing there, because your native lands are in battle for the actual most racist people around. Racism is only a US term because US citizens try to do the right thing and behave fairly to all people - that's a US only thing, something you'll ever find in your homelands. Racist, LMAO. Indians are the most racist people I've ever met.

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Post ID: @1dxp+HJJM5s6

Screw you, if you're offended your brown skin must not be registered as a US Citizen. This is the United States of America, Not Mejico or India. I should be entitled to get a job in my own country, as should you. In other words, go back to your country and don't steal a US supported job from a US citizen. I've got family members dying to support companies incorporated here, not in India or elsewhere. Why the hell should my family sacrifice so your sorry asscan come here and take jobs from me or my children? Go back to your homeland and start your own damn company. Loser. Yea, that's right. I don't care how many languages you speak, I put my skills up against anyone from any import country. If it's all about skills, I win hand's down. Loser.

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Post ID: @1zni+HJJM5s6

Both Trump and you are the Racist of the worst type. How can you tell a H1 by color of skin?. I have brown skin, was in a meeting in NJ, people came in to meeting I was from another location. Finally a Director level asked if I was IT. He was embressed when I told him I was a MD in the Private Equity group.

You will lose more jobs with this attitude, Asia growing at 7% Europe at 0%. Trump is worse then Hitler he will make Brown people branded with a red star. Learn more than .8 of a language. The best Execs will speak 4 not .8.

IF YOU THINK Trump is not a fascist, look at what he's calling a US citizen /Judge of Hispanic parents. I know everyone who supports Trump is non thinking idiot

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Post ID: @jns+HJJM5s6

Who cares. Nothing is going to change, this train has left the station. You're only hope is to vote Trump, hold your nose if you have to, but otherwise, you can just shut up. There's no other chance this is ever going to change, Trump is the only long shot, but it is you're only one. Go ahead Trump haters, flame away. He's the only one with balls enough to at least talk about it, and hence at least people can try to hold him to his word if he gets in. But, yea, if you thought Obama was going to do anything for you, I can see how you would think all politician's lie.

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Post ID: @sgz+HJJM5s6

http://www.charlotteobserver.com/news/business/article81676692.html#storylink=cpy

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Post ID: @bdo+HJJM5s6

Its a long article /has more details here

https://www.thelayoff.com/t/HJJM5s6#post

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Post ID: @kpl+HJJM5s6

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