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Oracle files H-1B visa petitions amid mass layoffs

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Re: Oracle files H-1B visa petitions amid mass layoffs

#131

Post by suid »

MrWiffles wrote: post #120

What 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.…

Remember that there was a "one-time fee" exception for "favored clients" (read: friends of Trump), who could pay a single lump-sum of something like $1 million, and then apply for unlimited H-1B's at the old fee structure.

Re: Oracle files H-1B visa petitions amid mass layoffs

#132

Post by janalsncm »

MSM wrote: post #125
pj_mukh wrote: post #37

Earlier 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…

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 si…

Unemployment rate is tricky because there’s a lot of related statuses a person could have. So the Fed has 7 different rates U1 through U7.

Here is U6 which is a better reflection imo:

https://fred.stlouisfed.org/series/U6RATE

Re: Oracle files H-1B visa petitions amid mass layoffs

#133

Post by fooker »

QGQBGdeZREunxLe wrote: post #43

It's always puzzled me that layoffs don't result in a temporary bar from using the H1B system like it does for filing PERMs with the DoL.

When you are puzzled about something, the first step is to find out why something works like it does. :)

With green cards, the government is concerned about permanent residents being dependent on the state if a company ceases to exist or fails to pay salaries or lays people off.

This worry is largely not present for limited term work visas.

Re: Oracle files H-1B visa petitions amid mass layoffs

#135

Post by MrWiffles »

suid wrote: post #131
MrWiffles wrote: post #120

What 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.…

Remember that there was a "one-time fee" exception for "favored clients" (read: friends of Trump), who could pay a single lump-sum of something like $1 million, and then apply for unlimited H-1B's at the old fee structure.

I was not aware of this loophole. Thank you. I’ve got some strong opinions but I’m just going to keep those to myself right now. And my dog. She’ll hear me as I scream profanities into the void…

Re: Oracle files H-1B visa petitions amid mass layoffs

#137

Post by fooker »

moshegramovsky wrote: post #22

I don't understand why American workers would support this program at this scale. Furthermore, I believe universities and other similar researchy/affiliated non-profits are exempt from the hiring caps. I just cannot imagine executives at tech companies/body shops having any positive ethical motivations. More like "they'll do what we say without complaining or they'll go home". There's no way it's not just a hugely ab…

There's not much preventing you from starting a company and not hiring immigrants.

This is something I'd encourage everyone with strong opinions about work visas to try and accomplish.

You don't change a system by crying about it on anonymous internet forums, you do it by competing against it and making it redundant.

Re: Oracle files H-1B visa petitions amid mass layoffs

#138

Post by cineticdaffodil »

pj_mukh wrote: post #37
rdtsc wrote: post #8

Wherever 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…

How does indian software indus try handle the llm wave?

Re: Oracle files H-1B visa petitions amid mass layoffs

#139

Post by wildzzz »

alephnerd wrote: post #57
dominotw wrote: post #40

Earlier quoted context omitted.

construction, hospital nurses and daycare workers are the avialble jobs? so depressing and scary

> so depressing and scary Union jobs with set hours and lower barriers to entry than software while offering middle class salaries? It's so horrible /s. It's this attitude that makes people who don't have stakes in the software industry feel schadenfreude.

The vast majority of those people are not union.
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