Tech layoffs h1b reddit. Due to covid and visa stamping issues.

Tech layoffs h1b reddit Fuck. There is a process wherein they have to show they advertised a job profile in job boards, did some recruitment campaigns and couldn't find a competent US citizen or perm resident candidate before trying to hire an H1B visa holder. Tech worker demographics makeup in Silicon Valley is predominantly Indian, and 40% are on visasthis sounds about right, because every tech company I've worked in, I could barely pronounce any of my co-workers names, and they all ended in -ish, -ra, -esh, -ant, and all very aggressive and ruthless, trying to step on each other's backs to get visibility, not very fun work culture, bunch of 403 votes, 312 comments. I was on a team of H1B tech workers, they do jobs any smart American high school graduate could do, six figure jobs. The current H1B system does not work the way it is intended. The H1B system is broken and robbing Americans of good jobs. Employees with the H1B need to seek another employer that sponsors H1B in order to maintain their H1B status. covid days’ overhiring from a shareholder’s standpoint a few want layoffs to get severance packages and chill for a while with paychecks still coming some also want layoffs when they see too many coasting. Blaming the H1B visa holder is missing the bigger A rather jarring list here that shows the mental scale of layoffs across the tech industry so far in 2023. Why pay Silicon Valley salaries for people to work from their homes? I don't hear about mass layoffs in Delhi. This article delves into the current layoff landscape, its impact on H1B visa holders, and provides actionable steps for those affected. Due to covid and visa stamping issues. H1B visas are only good for 6 years. Starting to see more layoffs popping up incrementally after that initial wave during early 2023. Not H1B but EB2 to convert H1B employees to a green card (perm US resident based on employement). 60 Days Rules “[a]n individual may benefit from the 60-day grace period multiple times during his or her total time in the United States; however, this grace period may only apply one time per authorized nonimmigrant validity period. Mar 1, 2023 · Employer demand for high-skilled foreign workers on temporary visas is expected to reach a new high for a third straight year even as waves of layoffs continue among major tech companies like Meta Platforms Inc. These jobs are moving on just like hardware manufacturing did years ago. ” Yes they are. And my company - and others - have smaller layoffs every few weeks to avoid the WARN notice and the requirement to provide benefits to the ones laid off, so there are more that are not reported. Last time i went home was after 4 years. Because there is no other good alternative to hire skilled labor companies turned to using H1B. " As he explained it: "Tech industry layoffs are basically an instance of social contagion, in which companies imitate what others are doing. . , Google LLC, and Twitter Inc. g. My solution is that immigrant H1B visas shall only be approved if the salary is in the top 20% for the location Stanford business professor Jeffrey Pfeffer has called the phenomenon of companies in one industry mimicking each others' employee terminations "copycat layoffs. However, this might quite literally be a case of “Dey took our jerbs” as H1B employees fill up positions in tech because you don’t have to pay them as much. They have Indian hiring managers that pick from Indian H1B holders, and they fill out the paperwork claiming they have unique skills. ” Stripe has approximately 300 to 350 employees in 2 days ago · most people aren’t necessarily in support of layoffs, it’s just looked at from the biz angle, e. Did anyone think that these companies were investing in "tech education for underrepresented minorities" out of the goodness of their heart? The good PR was a nice side effect, flooding the market with talent was always the goal. I make around $130k as a mid level engineer but there’s signs posted in the break room of managers with H1B visas making 100k. S people to pick from given all the boot camps, 2 year programs and etc. fyi shows 263,180 IT layoffs last year and 89k so far this year. While some positions are bottom of the barrel, most major American technology companies actively hire international applicants on H1B and pay them the standard pay in the company. Nov 4, 2022 · On Thursday, Stripe CEO Patrick Collison sent an email to Stripe employees that the company is “reducing the size of our team by around 14%. Nov 4, 2022 · On Thursday, Stripe CEO Patrick Collison sent an email to Stripe employees that the company is “reducing the size of our team by around 14%. Nov 23, 2022 · With the shrinkage happening at so many major companies, laid-off workers face discouraging odds of securing new jobs in tech. Firms that once hired large shares of H-1B visa holders are Mar 14, 2023 · Rest of World spoke to 10 people on H-1B visas — who had been laid off from companies including Twitter, Amazon, Microsoft, and smaller startups in the past few months — to follow their journeys as they raced against the 60-day countdown. H1B visa holders have played an important role in the domestic US tech sector and the innovation it has produced especially at large cloud technology companies. If it was a headcount issue then tech companies have a litter of U. " From the article, exactly what you said. layoffs. Now again when I was planning to visit home… Tech and outsourcing companies continue to exploit the H-1B visa program at a time of mass layoffs: The top 30 H-1B employers hired 34,000 new H-1B workers in 2022 and laid off at least 85,000 workers in 2022 and early 2023 The layoffs affecting Americans and H1B holders are the natural consequence of a remote and mobile workforce. The IT job market sucks. Nov 21, 2022 · With more than 42,000 tech workers losing their jobs this month, immigration lawyers and tech investors say that the majority of foreign nationals on visas could be forced to leave the country Major players like Intel, Microsoft, Dyson, and UKG have implemented large-scale layoffs, contributing to a total of 124,517 job cuts across 384 companies this year. ihcwv bbsas xnrp zlfmo bunvwo jnrcw cpxzl vqij kamnwxmui ofdyi