Even recessions have silver linings – as in less number of H1B applications (mostly from the Indian coolies for U.S. IT jobs). As of April 9, the U.S. Citizenship and Immigration Services had received only 42,000 fresh H1B Visa applications for fiscal 2010 starting on October 1. CIS, which started accepting applications on April 1, said it’d […]
Folks, IT employment in the U.S. is down for the fourth consecutive month. According to the National Association of Computer Consultant Businesses, IT employment continues to fall in the U.S., with 31,300 jobs disappearing in March 2009. The loss of 31,000 IT jobs in March, amidst tough economic times for American families, comes on the […]
Well, it seems the outsourcing scumbags at IBM are at it again. What else – preparing to lay off more American workers and replace them with cheaper Indian workers. The cuts are coming in IBM’s global business services unit, the company’s largest group by revenue and employment, according to a report in today’s Wall Street Journal. […]
Loss-making Reader’s Digest Association Inc has signed a cost-cutting oriented $350 million, seven-year IT outsourcing agreement with India’s HCL Technologies. The agreement is supposed to cover Reader’s Digest Association’s entire IT landscape, spanning the gamut from infrastructure to applications. IT Support from Coolie Nations From low wage nations like India and Poland, HCL Technologies will […]
The economic slowdown notwithstanding, Indian IT services providers are still hiring. Tata Consultancy Services (TCS) said today it added 11,773 employees (net 8,692 employees) in its fiscal third quarter to take its total employee headcount at the end of 2008 to 130,343. Last week, Infosys said it added 5,997 employees (net 2,772) in the third quarter. […]
With the disclosure today of the massive accounting fraud at Satyam Computer, the 53,000 IT coolies at the company must surely be crapping in their undies wondering what will happen to their jobs. Yes, many thousands of Satyam employees will lose their jobs. And many of them will find it very difficult to land new […]