Read it here:
http://www.businessinsider.com/cisco-ceo-chuck-robbins-convince-trump-increase-h1b-visas-2016-12
35 replies (most recent on top)
"It's wrong on a lot of different levels that a successful company with billions in the bank should be allowed to hire huge numbers of H1Bs while at the same time cutting thousands of permanent staff across the globe. Not sure there is any way you could dress up that story to make it digestible."
My sector at Cisco did not deal with HIBs.... My sector (marketing) instead has seen an influx of young grads doing MY former job. These kids do not have the experience nor know-how - yet they are BLUE badges. I get an average 3x a month calls from 3rd-party 'recruiters' asking me to do my former job at pennies as a red badge.
THIS... is Cisco. And they wonder why they are plummeting.
Spot on @FSLU. That's the problem with common sense isn't it? It's not as common as you'd think?!
Wish you all the best.
@falu, you nailed it
Fslu - you are so right! I don't even understand how companies laying people off are allowed to hire h1b's. It is NOT a skills issues. It is simply increasing the supply to keep wages down at the expense of the American middle class. (No I am not a trump supporter.)
It's wrong on a lot of different levels that a successful company with billions in the bank should be allowed to hire huge numbers of H1Bs while at the same time cutting thousands of permanent staff across the globe. Not sure there is any way you could dress up that story to make it digestible.
8bla, you made me laugh. Thank you.
Chuckie, is that you brave mr anonymous
Ahh wish I was on that ol Kentucky mothers milk. But I'm not.
You though must be one of those 5+%'ers...I didn't mean to hit you so close to home.
LOL.. this reminds me of the time, when Building H was still open as cisco. And there was a separate copy room and stationary room.
One night ( in those days we used to work late),I saw a guy bring in a big bag and literally clean out the cupboard filled with stationary and batteries and whiteouts. It was a shame in those days to steal from your own company. I guess, it is the norm now.
@KJGItWD-6bie - good for you! ALways get 6-months of severance, even if you have to take it in paperclips and White-Out!
@KJGItWD-6cug: You nailed in on the head.
Last couple of layoffs have been about something other than performance. It is a race to cut cost in the ranks, back-fill 50% of the openings with red badges and new college hires and leave the rest of the work for those remaining. For Grade-12 and above it may be different but for the work force of 'doers' below that grade, Tick-tock.
If you are @ Cisco more than 8 years, have a CR (Comp Ratio) > 0.9 and are over 43, don't buy a new car or house. Keep looking over your shoulder and start bringing home some paper, staples and pens every couple of weeks. I am.
Bottom 5% are always chopped first, at Cisco.
Not any more. Chucky broke that mold and threw it away. My team lost two top performers. They were "least impacting" as they supported tools that were being phased out in favor of cheaper/open source tools instead of licensed tools.
Now it's all about cost. If you're above the median for your pay grade, or you're over 40 or both, you're at the top of the list now.
For those of you still there, aren't you glad you accepted that pay increase in Sep?
@KJGItWD-6rsy Put down the whiskey. You are drinking too much.
Ahh. Young fellas. The older you get the more youll begin to realize you have to look out for #1. It's that simple. Yourself. Your family. Your late night strip club ho. Whoever actually is your #1 is how you should plan your life and your own perception of job stability. No company is going to coddle you and protect your soft little baby asses unless you put them in a bad spot and claim you were marginalized by your religion or your gender or (insert 20+ excuses here). I'm never surprised by layoffs. If you are then your a-- is too comfortable and needs a good ol elbow from the top rope. So don't blame Chuck. Or John. Or Trump. They don't know who you are and why should they. Bottom line you wouldn't have the job you have now if someone way higher than your pay grade didn't shovel some sh-- to make it happen. So don't blame that indian dude who's been trying to look out for his #1. If you think he's to blame then you better tighten up because weak minds get axed first. Bottom 5% are always chopped first, at Cisco. And Facebark. IBUM. Applecraps. << disclosure I own all these stocks. So to end this long diatribe what if anything did you learn here? Look out for #1 son.
@2lsu you mean american companies.
Cuz you're cheap, and steal americans' jobs ...
Think we can't make a difference/impact? Have a relative at the enclosed company that triggered this based partly on this forum entries.
https://www.thecerbatgem.com/2016/12/08/raymond-james-trust-n-a-sells-8462-shares-of-cisco-systems-inc-csco.html
The Indian government paid our education. We work in US and cheap. Americans already got a good deal.
How does Chuck tell someone he can't hire people for positions when he let go 5500 in those same positions he can't fill? How can the government bureaucracy buy into the story that Cisco can't find qualified candidates?
If Trump wants to make America great again, he's going to have to stop the outsourcing of jobs AND the bringing in of foreign talent to work jobs here in America.
And if Wall Street doesn't keep forcing companies to watch the bottom line and cuts costs the way they do by letting go older, more expensive workers, then those older workers are going to end up on unemployment and then welfare because no one will hire them and then the young workers will have to be taxed more to cover the government costs of social programs to care for all the old folks who are willing to work, but can't. If they're taxed more, they'll need to be paid more to survive, and then they become too expensive. It's a viscous circle.
@KJGItWD-1owz: Are you serious? You think this is a democracy and 'our voices' will be heard and you will be able to "influence" the company's trajectory? Dude.....
This is such a joke. There are plenty of STEM graduates every year, and plenty more FULLY trained experienced STEM workers that companies like Cisco keep axing. Silicon Valley and the tech companies are causing their own problem via a short sighted resource cutting path to profitability, and then complain they can't find enough workers. So obvious and stupid it's crazy.
Disagree with
@KJGItWD-jpu: I feel your pain but let be real about something, Chuck works for Wall Street and the shareholders first and foremost. If that means shooting flaming babies out of a cannon into the interstate to increase profits or lower opex and raise the stock price by $1, he'd race you to the cannon and do it with a smile.
We can influence this if we are very vocal, everywhere, about what's going on. Chuck is not the first clueless freak who tried to cost cut his way to profitability
Time to find a new president like Trump for us.
Chuck S---s! Chuck S---s! Chuck S---s!
@KJGItWD-1tdj: Thanks. I know. It still makes me sick. Definitely time to move on.
@KJGItWD-jpu: I feel your pain but let be real about something, Chuck works for Wall Street and the shareholders first and foremost. If that means shooting flaming babies out of a cannon into the interstate to increase profits or lower opex and raise the stock price by $1, he'd race you to the cannon and do it with a smile.
I have lost my faith in most public companies, especially ones of Cisco's size.
Start posting comments to these articles to let people know what's really going on. Every where an article is posted by this tech pimp, a post of the 7500 layoffs needs to appear.
That makes me so angry I could vomit. Let's put aside the simple fact that the US has more than enough skilled STEM professionals. So playing devil's advocate... If there were a skills shortage, then why can't Cisco commit to investing some of that soon-to-be-repatriated cash in STEM education in US schools and in training and development for all the "unskilled" employees they're laying off? And if H1B talent is so critical, why isn't Cisco investing more in hiring those individuals and sponsoring their green cards instead of just chewing them up and spitting them back to India? We can't have it both ways. I don't know how Chuck can make those statements and look at himself in the mirror. I have no respect for Trump or his cabinet picks, but I hope someone -- anyone -- grabs these CEOs and board members by the you-know-whats and forces them to start thinking about something other than themselves.
Don't worry about H1Bs anymore. Jeff Sessions will take care of it for good.
“Wages for STEM and IT [information technology] workers have not gone up since 2000,” he continued. “We have thousands of kids that have borrowed money, and their parents have borrowed money to get them engineering degrees and they don’t have jobs. Give me a break.”
America is graduating more students in these fields than there are jobs available to fill them, Sessions said, despite many claims that America is suffering from a shortage of skilled graduates.
“We don’t have a shortage,” Sessions said. The claim “is as bogus as a $3 dollar bill.”
Currently, more than 800,000 foreign graduates are working as temporary ‘guest-workers’ in the United States, mostly via the H-1B program. They’re in a wide variety of jobs — doctors, architects, accountants, designers, teachers, engineers and software experts.
http://www.breitbart.com/big-government/2015/11/02/jeff-sessions-h-1b-visas-tremendous-threat-american-professionals/
Chucky will do some c---s---ing and heavy brown nosing, and will get tens of thousands of new H1Bs.
Trump is a businessman, and there is no such thing he wouldn't sell if the price is good.
Don't think anybody would actually believe these skilled workers are not to be found in the US but you just don't know what happens during these business meetings. Trump, afterall, is a businessman at heart, and business is all about the bottom line. That said, I liked what he said about Boeing yesterday when he said he wanted Boeing to make a lot of money, but not THAT much money. Think this was wrt a new air force 1 plane that Boeing were looking for 170 million dollars just to evaluate! Sounds like common sense to me but I'm no aviation expert. Maybe the guy has a lot more cop-on than people give him credit for!! What "evaluation" costs 170 million?! Hopefully he applies the same common sense to H1B issue.
how can anyone buy the fact there are not enough skilled workers without h1b's when Cisco is laying off people with these skills. Some of the folks impacted were h1b's already. Cisco has zero credibility to make the argument for growing the h1b program when it is laying off people that have the the very skills being sought after thru the h1b program. This is nothing more than an attempt to keep working engineers wages down while raising executive pay packages.
@KJGItWD-kap: I'd take it one step further; don't recommend any profession to your friends or relatives that can be outsourced, because it will be.
As an example, you think Law is safe? Look into "LPO". We have been oustourcing law services to Indian sweatshops for a long time:
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http://www.forbes.com/sites/markcohen1/2016/09/06/artificial-intelligence-and-legal-delivery/#595769b52647
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(2010): http://www.nytimes.com/2010/08/05/business/global/05legal.html
Use that web site mentioned in the article (http://www.myvisajobs.com/) as a tool for thinking twice about any of the companies listed.
Yeah, "not enough" skilled engineers. Right.
I don't recommend software to any of my young friends or relatives because of this LIE.