Thread regarding Fidelity Investments layoffs

I am 50 and lost my IT job in the RIF 2 wks ago. I've slowly over the past year watched my entire team replaced by H1bs who appear in NC within days of Americans being let go. These Americans are not low-performers. They were high performers, many of whom relocated to NC for the firm, only to be RIF'd a few years later. Shameful.

I have worked with people from India for nearly 20 years, they are no better or no worse than US IT, in fact in the early days of outsourcing and offshoring they were on average much worse than US IT personnel. They would do things like take a tea break in the middle of a crisis call when systems were down and never worked a second overtime. Now they are much more like US workers but just at lower pay and benefits. So no matter how good that young US grad is now and no matter how much college debt he owes, he is at a wage disadvantage. Wake up America before it is too late. I am 100% for qualified individuals moving to the USA because once here they want US wages. I am absolutely against H1B visa's and offshoring to avoid US labor laws. You future in the US just won't be there. For example even low skill jobs aren't here anymore. Walmart may have 60 checkout lanes but only 4 with people running them, the rest are closed or self scanners. Every job can be outsourced cheaper if they want to for lower wages and a majority can be offshored for even lower wages. Don't act so smug, it still is easy to get a job under 50 but once you are over the hill to corporations you are not hireable. By the time you are 50 you'll just have paid off your student loan debt with no saving and a bankrupt Social Security system with an age 70 retirement by then.

Then why is the company not finding competent individuals. Shifting jobs overseas is actually costing the company more money in the long run and causing stateside employees to have to clean up after their mistakes.

Commie