Intel layoffs - the back story

On April 19th, Intel announced that they were going to lay off 12,000 workers. I had this to say:

And all the new hires will be immigrants with H1 visas - the people being fired are probably over 40 years old - trying to get a job at that age is next to impossible despite the fact that these are the best trained people in the business.

Today from Breitbart:

Intel Lays Off 12,000 After Seeking Visas to Import 14,523 Foreign Professionals Since 2010
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.

And of course:

Intel’s press aides declined to respond to calls and emails from Breitbart.

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About this Entry

This page contains a single entry by DaveH published on April 21, 2016 9:17 PM.

Puff the Magic Dragon - the real story was the previous entry in this blog.

Staying mellow - San Francisco's pot festival is the next entry in this blog.

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