Slashdot Mirror
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.
American companies with incompetent contractors any longer?
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.
I despise Trump with a passion, but I can't argue with this one.
The visa program has served no purpose other than to cause North American wages for tech workers to stagnate because companies could simply bring someone over for cheap. There have been more than plenty of stories of companies inventing positions that exactly matched the resumes of offshore works *just* so they couldn't be filled by local people.
There has *never* been a shortage of qualified talent in the west. At least, there hadn't been. There may well be so now, since the shenanigans North American companies have been playing have driven candidates right out of the field.
Good riddance you underpaid cockroaches! Stop stealing jobs that you can't do without tons of hand holding!
...Slashdotters don't know what to hate more. Cheap IT outsourcing of entire departments through abuse of the VISA program, or, Trump.
A study after the dot com bust predicated that the IT industry will have a shortage of 1M skilled workers in 2030 from baby boomers retiring and foreign workers going home. Nature is taking care of the baby boomers. Trump is getting rid of foreign workers. Now is a good time to be in IT.
Is this the company the British Airways outsourced to?
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"?
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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
he's made some pronouncements, but so far just words. Talk to me when some legislation is being voted on. Or hell when he's rescinded Obama's 2014 executive order allowing H1-B spouses to work in the country. I noticed a _lot_ more female tech workers after that... And it got through while the economy was (and is) still crap. So far Trump is all populist talk and Goldman Sachs action.
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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.
This president does not give one tenth of one shit about US workers. He still owns a visa mill. His "deals" brokered with Ford and Carrier turned out to be completely fake, just as we believed at the time. Nothing he does will save auto industry jobs, coal industry jobs, or any other kind of job. Even rolling back the CAFE standards would actually be detrimental to US automakers, at least the competent ones.
Too bad there isn't a champion, someone with leadership and broad vision, to come forward and oppose him!
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
We have to use them as our first choice for contractors at work. EVERY SINGLE one they have sent us - we sent back within two weeks because they didn't know the technology, don't know how to code their way out of a paper bag. Can't write code that even compiles! Their people are just cr@p! THAT is why they are losing money! I bet NO ONE wants their resources because they suck! I can get Americans RIGHT out of college that are FAR superior than their folks that supposedly have 5-7 years experience!
I hope they lose enough money they go OUT OF BUSINESS!!!
The Truth is a Virus!!!
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.
There are plenty of good tech workers right here in the U.S. already.
The definition of "good," is not what you think it is.
"Good," is defined by the people who hire.
"Good," in this context, is, "cheap."
It little behooves the best of us to comment on the rest of us.
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!
...you'll find it in the dictionary in between shit and syphilis. It's high time countries started forcing companies to take care of their own instead of being allowed to bring in cheap Indian replacements. Let India solve it's own labor problems.
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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.