Thursday was another bad day for American jobs as Microsoft – the once All American innovator – began to end the livelihoods of 3,000 families, a process called “downsizing” by the elites.
A spokesperson for founder Bill Gates called this job slaughter simply “changes” to “better serve our customers and partners.”
Today, we are taking steps to notify some employees that their jobs are under consideration or that their positions will be eliminated,” the Microsoft spokesperson told CNBC. “Like all companies, we evaluate our business on a regular basis. This can result in increased investment in some places and, from time-to-time, re-deployment in others.
Meanwhile, foreign workers are being hired by the Seattle gang through the H-1B visa and Optional Practical Training (OPT) program. Microsoft is one of the top recruiters of the some 330,000 foreign nationals (in 2016), who get to remain in the U.S. after graduating from Continue reading →
American universities produce the best software engineers, IT managers and programmers in the world, but many can’t find a job or have taken pay cuts in recent years.
India’s , 20+ years of being a software engineer at various levels, explains why in a comment on Quora:
Because there are too many software engineers in India, and not enough in the US.
Because India is churning out 1 million new engineers every year, whereas the industry requires only about 200,000 of them.
Because the “average” fresh software engineering graduate in India can barely program, and 40% of them fail the Fizz Buzz test (as per actual data we’ve collected over the last 2 years), whereas the average software engineering graduate in the US is likely to be much better (as per my anecdotal data).
Why is the median salary of a software engineer in India around whereas in US it is $71k(ie ), which is nearly 12.4 times that of India, but the cost of living or equivalent salary of US is considered to be only 4 to 5 times that of Indian salary?
Which brings me to the one bright hope in recent years that the abominable H-1B Continue reading →
Cascade Investment LLC is a private investment and holding company.
The company describes itself as a diversified investment company. Its investments include more than half the Bill Gates fortune:
- Auto Nation
- Berkshire Hathaway
- Canadian National Railway
- Dante Giovanni Corporation
- Coca Cola Femsa SAB de CV – 20% stake
- Cox Communications
- FEMSA (Mexican brewer)
- Four Seasons Hotels and Resorts – 42.5 percent
- Newport News Shipbuilding
- Otter Tail Power Company
- Pan American Silver Corporation
- Republic Services, Inc
- Sapphire Energy
- Schnitzer Steel Industries
- Wisconsin Central Transportation
No wonder Gates favors unlimited immigration and H-1b visas, changes in law that would benefit his financial interests by lowering wages and increasing American unemployment.