Technology giant Intel announced April 19 it will fire 12,000 skilled U.S.-based professionals — after already swelling its workforce with 14,523 requests in Washington D.C. since 2010 for visas to import foreign professionals through the controversial H-1B and Green Card programs.
The company said the layoffs were part of a restructuring plan to help shift its focus from desktop PCs to mobile devices. But the company is very profitable, and first-quarter 2016 profits were 14 percent above predictions.Amid the layoffs, Intel is one of the nation’s largest users of the H-1B outsourcing program which allows companies such as Disney and Abbot Laboratories to replace white-collar American professionals with cheaper professionals from India, China, and other countries
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Any citizen reading about the Intel layoffs should not be surprised about why Trump leads the republican race....and why it is not in their interest to vote for either socialist candidate.
ReplyDeletePrecisely. Thanks.
DeleteWe need to import more lawyers and CEO's. I'm sure Intel could find a cheaper CEO in India, lordy, Microsoft and Google did.
ReplyDeleteGood point!
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