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India Tech Giant Warns Trump's 'Radical Shift' to Hurt Industry (bloomberg.com)
The vice chairman at Tech Mahindra, one of India's largest technology services companies warned that U.S. President Donald Trump's visa policies will damage the industry as his company reported weak earnings and his stock fell the most in almost two years. From a report: Tech Mahindra said net income was 5.9 billion rupees ($91 million) in the fourth quarter, compared with the average analyst estimate of 7.8 billion, according to estimates compiled by Bloomberg. The U.S. is tightening the criteria for visa programs that Tech Mahindra and other outsourcing companies use to bring skilled foreign workers into the country. Trump and other politicians have criticized the programs for hurting American workers and allowing companies to use cheaper employees from abroad. Tech services companies, including Cognizant Technology Solutions, have been cutting positions in India. Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry.
Good riddance!
Progressivism: Parasites helping parasites to help themselves - to other people's stuff.
Employment by foreign workers is a privilege, not an entitlement.
Finally, a president that actually demonstrates care about US workers, and also actually follows through on at least some of their campaign promises.
Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry.
How exactly can Trump be responsible for the job losses from outsourcing to India? Does he own a DeLorean? As far as I know he has had nothing at all to do with the instigation of H1Bs, though I'm sure he has used them on occasion.
Is this a case of "let's blame Trump for the bad weather"?
Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! ...
Sorry, I just couldn't help myself. They can't interview customers, they can't write a report, they're incompetent at writing a spec, and they lack basic programming skills. But they're CHEAP! (And, I've never seen a client who found them less expensive on an overall-project-wide effort. Only bean counters love 'em.)
The headline is incorrect. This Indian VP dude is afraid it will hurt HIS industry, not THE industry.
To Terminate, or not to Terminate, that's the question - SCSIROB
Tech services companies, including Cognizant Technology Solutions, have been cutting positions in India. Some workers have blamed Trump for prompting the job losses and exacerbating problems in the industry.
I'm sure they regret voting for him in the last election now.
Oh wait...
Why would these people assume a foreign president has their best interests at heart again? If they want to get angry about unemployment, it should be at the people actually responsible for their corner of the world.
I've had the misfortune of having these utterly inept assclowns come and mess up our codebase. Their leaders talk a good game, but their coders write garbage and have cost us money.
Our greedy, short-sighted managers then brought them in to take over maintenance of a bunch of old applications, having learnt absolutely nothing.
These people prey on Anglo-Saxon MBA culture to always go for the cheapest option, no matter what. The Western disease of MBA penny-pinching false economy, coupled with their own greed and complete ineptitude is a cancer.
Tech Mahindra should kindly do the needful, and STFU.
That any country would act like they have a right to the US labor market? I don't think much of Trump but I agree with this move. When companies start replacing staff with H1-B visa holders, that's when it's gone too far.
It's our country and, if we decide you can't come here, that's too damn bad. What really gripes me is the suggestion that anyone outside the US thinks they have a right to come here and work. Let me say this in all sincerity...fuck you.
That's our life, the big wheel of shit. - The Fat Man, Blue Tango Salvage
ROFLMAO
You should be shitting your pants and peeing down both legs.
The business channel for major US tech is outsourcing and visas. Because of that, American students are avoiding tech.
The US brokers that handle foreign workers for the major players like Apple, Facebook, Google, Microsoft, etc., are laying off local administrators.
Trump's "Buy America; Hire America," only works if those things actually exist.
Meanwhile, shareholders don't give a flying shit where workers come from.
Trump is stepping on your dick.
Wishful thinking? Or simple close-mindedness based on "Ewwww, Trump's a RETHUGLICAN!!!!"?
If Trump is stepping on my dick, what the hell was Obama doing?
Cutting it off, grinding it up, and feeding it to the sharks?
If you haven't noticed, Silicon Valley tech companies and their billionaire 1%er owners that are behind the outsourcing of technical labor to India are HUGE supporters of Democrats. Who coincidentally LOVE illegal immigration - another giant sucking sound for jobs.
And along the way, Obama et al decided I need to "pay my fair share" so he could give MOAH FWEE STUFFS to "people that look like him"? (What's that? Half-WHITE and raised in Indonesia?!?!?!)
All the while, he was bailing out his bankster billionaire 1%er supporters.
If you liked the guys doing all that, your characterization if Trump as "stepping on my dick" is about as worthless as tits on a bull.
Because if you liked the guys doing all that, you're living in fantasyland. You actually think Democrats care about you. Yep, you actually believe in the ONE party that's behind the utter collapse of inner city schools - leaving black children without hope, trapped in an endless cycle of poverty, doomed to vote for "MOAH FWEE STUFFS!!!!" because they've been abandoned, left alive only to vote "D".
But they'll "help" you too...
Fuck that shit. I don't need to pay $6,000 a month in taxes just for fucking lazy freeloaders to whine about minimum wage not being high enough or lard-ass layabouts to pine for a "guaranteed minimum income", or to make sure some always-drunk-or-high won't-get-a-fucking-job pothead gets "free health care" so he can get a liver transplant to replace the one he pickled.
Just so the damn Democrats can get your vote - so they can sit as Secretary of State and sell control of the US uranium industry to the biggest Russian donors to their "charitable foundation". So they can say to YOU "At some point, YOU'VE made enough money." Then when they're ex-President they turn around charge $300,000 for a 15-minute speech.
Yeah, fooled YOU, haven't they?
Fuck that shit. You can't get a good job? You made your bed. Lay in it. I have a family to raise, kids to make sure have a future. You wanna flush your future running around "punching Nazis" and violently shutting down any ideas you don't agree with, like the good little brainwashed progtard Brownshirt you are? It ain't on me to bail your worthless ass out. GFY.
Serioiusly. GFY With a fifty-foot flaming telephone pole covered with splinters from two decades of lineman climbing up and down the pole with spikes.
No, I don't think Trump is out to help me.
But he ain't out to HORSE FUCK me in order get money to bribe people to vote for him.
To shift revenue from foreign companies to US companies? Sounds like Trump is doing exactly what he promised to do.
Not really, no. There are plenty of good tech workers right here in the U.S. already. Students will move back to tech once the glut of under-employed U.S. tech workers is absorbed.
I'm no fan of Trump, but even a stopped clock is right twice a day.
So, what you are delicately trying to say, is:
Fuck you, i've got mine.(And if you were smart, you would do the same thing!)
There's just one problem with that. This mentality leads to systems that self-destruct, as the vital infrastructure required to sustain them is systemically removed to meet your absurd desires of both "self enrichment" + "Oppression/disablement of others". Basically, your money (which is a promise to have work done for you, and nothing more.) becomes less valuable, because you have destroyed the availability of labor, by removing the labor itself (the jobs to be done) from the market.
This will do nothing but cause a massive market contraction when taken to the extremes, which is exactly where people like you are driving it towards.
Good luck living the high life, when the standard of living drops like a stone.
This is excellent as nd one of the main reasons I voted for President Trump.
Every Rupee they are not making, really is now a dollar for an American IT specialist. I have no pity at all with Indians, I am not going to take a backseat because of some Indian kid in New Delhi.
America First, Thank you Mr. President!
Are you kidding? Who was the other candidate that actually had a lengthy Death List? Hint: It wasn't Trump.
So Tech Mahindra has weak earnings, and it's Trump's fault? Just b'cos Tech Mahindra can't keep bringing in Indians in for every req they have. A recruiter I know told me that they have a policy of hiring only ethnic Indians (be they US or Indian citizens), and very rarely do they prefer Americans. The sooner they're driven out of the US market, the better.
Congress should pass a special law banning Tech Mahindra from using any H1Bs, L1s or anything like that. It won't hurt the industry, just losers like Tech Mahindra, Syntel, et al
Not exactly. The Conservatives - the ones in the Heritage Foundation, American Enterprise Institute, Club for Growth, et al, still believe that companies should have the freedom to hire anyone they want, even if it means making it easier to legally migrate. Their problem: Trump has run away w/ their party. When someone wins the White House by carrying states that haven't voted (R) since President Reagan's 49 state landslide in 1984, it's tough to argue w/ him, let alone stop him from calling the shots in the party.
What's new here is the Economic Nationalists - the people like Bannon, Sessions, Miller, et al, who do not believe in making it easier for companies to offshore jobs and then resume selling their wares in the US. And that's likely to become a growing and increasingly powerful faction in the GOP, displacing the classic George Will, Steve Forbes, Charles Krauthammer types who believe in letting the market simply work its magic, no shackles involved.