U.S. Tech job cuts in first 3 months of 2009 = 84,217
U.S. Tech jobs lost in last quarter of 2008 = 66,312
That’s 150, 529 U.S. jobs lost in just 2 quarters!!
Yet, the U.S. government just approved 65,000 more H-1B visas for foreign tech workers to work here in the United States. In a few months, they will approval (both parties) an extension so even more cheap foreign tech workers will be brought here to displace more American workers.
Billionare Bill Gates and several Indian ethnocentric interest groups are spending millions of dollars to lobby Congress to lift the 65,000 cap all together to allow an UNLIMITED amount of foreign tech workers to flood the U.S. market and fill the pockets of immigration lawyers that in turn will give massive campaign contributions to politicans that vote for more cheap foreign skilled workers.
Despite the fact the so many U.S. tech workers are losing their jobs and unemployment continues to rise, I see no hope that Congress will lower the cap or suspend the H-1B program. Both parties seem content to keep the program and a growing amount of members of Congress want to either raise the cap or lift the cap completely to allow as many H-1B visa holders in that want to come.
The majority of H-1B visa holders remain in the United States and continue to work after their visa expires.
U.S. Q1 technology job cuts hit 7-year high
People’s Daily (China)
Planned job cuts in the U.S. technology sector have climbed to 84,217 in the first quarter, up 27 percent from 66,312 in the previous quarter, according to a report released this week by global outplacement firm Challenger, Gray & Christmas, Inc.
It was the largest quarterly job-cut for the sector since 2002,when 133,511 layoffs were announced in the fourth quarter, said the report.
The latest job cuts data in the sector which includes telecommunicati