All of these companies are hiring constantly even as they do layoffs so this is an easy story to write every time there are layoffs.
Oracle files H-1B visa petitions amid mass layoffs
121–130 of 350 posts
Re: Oracle files H-1B visa petitions amid mass layoffs
#122Keep in mind that employers have to pay $100,000 in visa fees (in addition to competitive salaries) for each H-1B visa. Clearly these immigrants are not undercutting US workers. It is $100K cheaper to hire a US worker.
to clear up confusion, this 100k applies to brand new h1b petitions outside the country.
if you are already in the US it currently does not apply to you, or if you are transferring jobs with an existing h1b, or renewing your h1b.
source: former h1b
side note: as of february it’s estimated only 85 h1b petitions paid the 100k fee. the rest did not fall under the qualification.
https://www.staffingindustry.com/news/global-daily-news/1000...
Re: Oracle files H-1B visa petitions amid mass layoffs
#123What I’m not clear on - how many of these H1B hires are subject to the EO that jacked up the fee to $100k per person? Assuming even just 100 of them were, that’s still ten million USD (assuming I didn’t visualize the zeroes in my head wrong…), and a really large fee to justify to the board if you’re otherwise paying “roughly the same” in salary. Productivity is going to basically break even anyway after a few years.…
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Re: Oracle files H-1B visa petitions amid mass layoffs
#124Earlier quoted context omitted.
[flagged]
I suppose we simply disagree, and that is fine. I think the H-1B should be eliminated in favor of the O-1, the domestic labor exists, corporations would simply prefer "optimize their labor costs" and employ workers with reduced mobility via the H-1B. The data is clear from the salaries paid, which is public data. As I've commented previously: https://news.ycombinator.com/item?id=46257889 "I am calling for a temporary…
> Shareholder returns go to the top 10% of Americans (who own 90% of US equities), so any argument about prosperity impairment from impaired immigration is going to fall on deaf ears in this context.
"We fail to tax our corporations adequately, so the proceeds of rampant deregulation and profiteering don't benefit the general populace".
I don't necessarily disagree with your stance but this seems like a weak justification (it's pragmatic, to be fair)
Re: Oracle files H-1B visa petitions amid mass layoffs
#125Wherever their major offices are look for newspapers in the small towns nearby advertising for "Software developers for Oracle" all written in the tiniest print, right next to classified that sell used bikes, car parts and other stuff. - "Well, Uncle Sam, we looked so hard in US and nobody answered our job posts, we have to go to ... $othercountry to hire, there is no other way"
Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…
Either I'm stupid or [2] doesn't actually say anything at all. It starts with "in 2025..." And later talks about how estimates are expected to rise in 2023 and beyond while referencing data that ended in 1988. What am I missing?
"In 2025, it was estimated that over 163 million Americans were in some form of employment, while 4.16 percent of the total workforce was unemployed. This was the lowest unemployment rate since the 1950s, although these figures are expected to rise in 2023 and beyond."
Re: Oracle files H-1B visa petitions amid mass layoffs
#126Earlier quoted context omitted.
Because H1b is an arrangement that more or less amounts to indentured servitude where vulnerable people have their visa status glued to their at-will employment agreement, resulting in a dynamic where employers can and frequently do expect unpaid overtime, fewer sick days, and otherwise disproportionately greater value from h1b employees, and those who fail to meet these unfair expectations are let go and effectively…
H1b is tied to employment, not to the employer. You can change employers on the same H1. It’s not great. But this is similar to how health insurance is tied to employment, not to the employer. Both citizens and H1 employees experience the same abuse here
No it’s worse for them. A person on an H-1B has a ticking time bomb to find a new job or leave the country.
Re: Oracle files H-1B visa petitions amid mass layoffs
#127Earlier quoted context omitted.
Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…
If America is at near full employment why don't I have a job after looking for 6 months. This is a load of nonsense.
Because the employment is full, sorry, no more jobs available /s.
(Im in the same boat, but much longer than 6 months)
Re: Oracle files H-1B visa petitions amid mass layoffs
#128Earlier quoted context omitted.
Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…
If America is at near full employment why don't I have a job after looking for 6 months. This is a load of nonsense.
Have you been down to Amazon. Not Amazon corporate, Amazon Warehouse or Amazon flex delivery.
With the gig economy as long as you can make 50$ a day via Uber Eats , you might be considered “employed”.
For the days I need to be in the office, my commute is well over 2 hours each way. Pay cuts, horrible commutes.
Re: Oracle files H-1B visa petitions amid mass layoffs
#129Earlier quoted context omitted.
I suppose we simply disagree, and that is fine. I think the H-1B should be eliminated in favor of the O-1, the domestic labor exists, corporations would simply prefer "optimize their labor costs" and employ workers with reduced mobility via the H-1B. The data is clear from the salaries paid, which is public data. As I've commented previously: https://news.ycombinator.com/item?id=46257889 "I am calling for a temporary…
> Shareholder returns go to the top 10% of Americans (who own 90% of US equities), so any argument about prosperity impairment from impaired immigration is going to fall on deaf ears in this context. "We fail to tax our corporations adequately, so the proceeds of rampant deregulation and profiteering don't benefit the general populace". I don't necessarily disagree with your stance but this seems like a weak justific…
> it's pragmatic, to be fair
Highest praise. This is what I optimize for in a dynamic, imperfect, and more often than not, unjust world. Move fast, break systems.
Re: Oracle files H-1B visa petitions amid mass layoffs
#130Wherever their major offices are look for newspapers in the small towns nearby advertising for "Software developers for Oracle" all written in the tiniest print, right next to classified that sell used bikes, car parts and other stuff. - "Well, Uncle Sam, we looked so hard in US and nobody answered our job posts, we have to go to ... $othercountry to hire, there is no other way"
Just to cut through the headline here. The largest chunk of Oracle layoffs were in India [1]. In comparison, they've barely fired any American workers. Contrary to popular opinion, IT workers aren't interchangeable and there exist a large swath of jobs that very few people qualify for (HN should know this) because of the specialization required. America is at near full employment [2]. Replacing American workers with…
> America is at near full employment
Pretty sure that is the U3 rate which only counts people as unemployed if they are actively looking for a job. The U6 is better and rarely falls below 5%: