RT Aesthetica (@Anc_Aesthetics)Free land in india courtesy of the indian government for politicians and lobbyists who sell out the American people and replace their jobs with offshore jobs for india.IT Serve is the same foreign lobbying group that wrote the H1B and OPT bills. Now they are trying to push through the "HIRE" act again which would double H1Bs along with making it much easier for indians to scam our immigration system.And btw Vivek Ramaswamy is their keynote speaker at their major conference in ...

RT Matt Forney (@mattforney)EXCLUSIVE: an insider at Charles Schwab discusses the incompetence of its Indian contractors and how white employees frequently have to clean up their mistakes, as well as their plans to offshore work to India in the coming months.According to him, the entire tech team at Charles Schwab, "which is probably over half of the 30,000 or so employees," is overwhelmingly Indian, and Charles Schwab also contracts out through major bodyshops such as Infosys, Wipro, and TCS, bringing in m ...

Industry Trend - Private equity firms are increasingly involved in the life insurance and annuity sectors, managing trillions of dollars of American savings [1] - These firms are shifting investments towards complex and private markets, including subsidiaries in Bermuda and the Cayman Islands [1] Investment Strategy - Wall Street firms claim to enhance insurer investment strategies to meet obligations and offer higher returns [1] - Concerns arise regarding the use of offshore reinsurers, opaque accounting, and private market investments, which may mask underlying vulnerabilities [1] Risk and Challenges - A Pennsylvania steelworkers group filed a lawsuit to protect their retirement funds from being managed by a private equity-owned entity [1] - The collapse of PHL Variable, a life insurer, could result in a $2.2 billion shortfall, potentially impacting policyholder payouts [1] - Industry experts caution that hidden fragilities could lead to cash shortages, fire sales, or failures if a significant economic downturn occurs [1]

Why one company is investing in rural America instead of offshoring jobs https://t.co/zPVaqV9jIm ...

Why one company is investing in rural America instead of offshoring jobs https://t.co/lfXpBwXUlD ...

Why one company is investing in rural America instead of offshoring jobs https://t.co/I2tYohGbGv ...

Why one company is investing in rural America instead of offshoring jobs https://t.co/M0qQ3xUphF ...

RT Alb (@amandalouise416)🚨 Made in America, moved to India🚨After Indian CEOs took charge: Satya Nadella at Microsoft (2014) and Sundar Pichai at Google (2015), both companies began the same transformation:💼 A full onshore–offshore labor model🇮🇳 Billions in investments redirected to India🏢 Rapid expansion of India-based hubs and data centers📉 Ongoing decline of the U.S. workforce shareWhat starts as an Indian CEO in a U.S. company soon evolves into a U.S. tech company shifting to India under Indian leadershi ...

Core Insights - The Trump administration's new visa fees for H-1B workers are leading companies to consider moving jobs overseas, countering the intended effect of the policy [1][3][6] Group 1: Visa Fee Changes - The new $100,000 fee applies only to new H-1B applicants, causing confusion and leading companies to pause recruitment and workforce planning [3][4] - Previously, the visa cost employers only a few thousand dollars, making the new fee significantly more burdensome [6] Group 2: Impact on Companies - High-level discussions are occurring among companies about the feasibility of hiring skilled talent in the U.S. versus overseas [4][7] - Some companies, including Fortune 100 firms, are indicating that the new fee structure is unworkable, prompting them to explore hiring in countries like India [4][6] Group 3: Labor Market Implications - The H-1B visa program has been criticized for suppressing wages and making it harder for U.S. college graduates to find IT jobs [5] - In 2024, approximately 141,000 new H-1B applications were approved, with computer-related jobs making up a majority of these approvals [4]

Core Viewpoint - Wall Street banks are expected to increase reliance on their Indian business support centers due to new fees imposed on the H-1B visa program, which could lead to a deeper presence in Indian tech hubs [1][3][9] Group 1: Impact of H-1B Visa Changes - The new $100,000 fees on H-1B visa applications may drive banks to expand operations in India, particularly in cities like Mumbai, Bengaluru, and Hyderabad, which already employ over 1.9 million people [1][3] - Indian-born workers represented 72.3% of all H-1B beneficiaries in the US fiscal year ending September 2023, highlighting the significance of this visa program for the tech and finance sectors [4] Group 2: Growth of Global Capability Centers (GCCs) - The GCC market has reached a value of $64 billion, with an annual growth rate of approximately 9.8% projected from 2019 to 2024, and is expected to grow to $110 billion by 2030 [5] - The number of GCCs is anticipated to increase from 1,700 to as many as 2,500 by 2030, indicating a robust expansion in this sector [5] Group 3: Employment Trends in US Banks - Major US banks like Citigroup, Bank of America, and JPMorgan Chase are significant employers in India, with Citigroup employing around 33,000 staff, Bank of America over 27,000, and JPMorgan 55,000 [6] - A study indicated that companies often hire more staff abroad in response to restrictions on skilled immigration, suggesting that banks may adjust their strategies accordingly [7] Group 4: Strategic Adjustments and Future Outlook - Banks are likely to recalibrate their strategies for GCCs, potentially adding new job functions in India, but will wait for more clarity on the evolving situation [7] - The new H-1B restrictions are expected to accelerate India's role as a hub for critical business functions, compliance, technology, and innovation for international banks [9] - Despite the potential for expansion, uncertainty regarding further US measures may temper banks' global strategies [10]