“Now we’re going to be replaced by a very young, inexperienced work force, from one part of the world,” he said. “I don’t think this is right.”
The workers who attended Tuesday’s rally are also concerned with the federal H-1B visa program. Allegedly, companies have been using loopholes in the program to bring in foreign IT workers to replace citizens.
“A lot of people think that jobs are being sent overseas, but outsourcing is happening right here in our country of America,” said 43-year-old Vinny Tateo, another laid-off worker. He said it’s been difficult for him to find a new job.
UCSF said it’s working with the other University of California campuses to find jobs for the affected employees. The school also says it doesn’t plan to use the H-1B visa program to bring in foreign IT workers. However, since the layoffs became public, the university has posted Labor Condition Applications notices, which are required by law when H-1B workers are being placed.
Some of the laid-off workers plan to challenge their dismissal through legal channels. About 10 of the workers are filing a formal complaint with California’s Department of Fair Housing and Employment. They claim the outsourcing is discriminatory because it replaces a diverse workforce with an all-Indian staff.
IT workers at other University of California campuses are also worried about future outsourcing. Joining Tuesday’s rally was 35-year-old Ryan Detert, a programmer in the IT department at the University of California, Davis.
“If UCSF thinks this is worthwhile for them, then this could very easily spread to the other campuses,” he said.
For any garden to grow, whether that garden be in China, India, or America, it must be nurtured.
By nurturing China and India, you destroy America.
For that, you should hang your head in Shame.
“The number one ask in the tech industry has been the H-1B visa cap. We have situations where we have employees who are brilliant who are condo-ized. They are literally kept in condos in Vancouver and in other countries just waiting to clear the auction for H-1B. I would fix that and I would fix that on day one. If you want the quickest path to increased success in America, fix that problem,” Eric Schmidt, Alphabet’sexecutive chairman and former Google CEO, told CNBC’s Andrew Ross Sorkin at The New York Times’ DealBook Conference in New York City on Thursday.
H-1B is a visa that allows highly skilled foreign workers to work in the U.S., largely in science, technology, engineering and math-heavy occupations.
Pursuing the path that the tech industry is pursuing is denying our children in America the opportunity to compete for our best paying jobs largely in science, technology, engineering and math-heavy occupations.
I believe this is wrong, so I fight it with the only thing I have left which is a keyboard.
You see, even though I worked my way up the ladder in the tech industry, they threw me under the bus and destroyed me, just like they are doing to our children.
Department of JusticeOffice of Public Affairs
FOR IMMEDIATE RELEASEMonday, November 14, 2016
Former Autonomy CFO Charged with Wire Fraud
Defendant Allegedly Defrauded Hewlett-Packard Company in the Acquisition of Autonomy for $11 Billion
A federal grand jury indicted Sushovan Hussain, 52, a citizen and resident of the United Kingdom, with conspiracy to commit wire fraud and multiple counts of wire fraud. According to the indictment filed last Nov. 10, Hussain allegedly engaged in a scheme to defraud purchasers and sellers of securities of Autonomy Corporation plc (Autonomy) and Hewlett-Packard Company about the true performance of Autonomy’s business, its financial condition and its prospects for growth.
According to the indictment, Hussain, was the former Chief Financial Officer (CFO) of Autonomy, a company incorporated in the United Kingdom. Autonomy maintained dual headquarters in San Francisco and Cambridge. In 2010, about 68 percent of Autonomy’s reported revenues came from the United States and other countries in the Americas.
The case involves the acquisition by Palo Alto-based Hewlett-Packard Company and Hewlett-Packard Vision B.V., a wholly-owned subsidiary of HP (collectively HP), of Autonomy. On Aug. 18, 2011, HP entered into an offer agreement with Autonomy and publicly announced its offer to acquire Autonomy for approximately $11 billion. On Oct. 3, 2011, HP’s acquisition of Autonomy closed and HP acquired control of Autonomy.
According to the indictment, between 2009 and 2011, Hussain artificially inflated Autonomy’s revenues by backdating written agreements to record revenue in prior periods; recorded revenue on contracts that were subject to side letters or other contingencies that impacted revenue recognition; improperly recorded revenue for reciprocal or roundtrip transactions; and made false and misleading statements to Autonomy’s independent auditor about transactions allegedly supporting the recognition of revenue and other items in Autonomy’s financial statements. In so doing, Hussain allegedly issued materially false and misleading quarterly and annual financial statements on behalf of Autonomy. The indictment further alleges that defendant and others provided these financial statements to HP during the time that HP was considering whether to purchase Autonomy.
In addition, the indictment alleges that Hussain caused Autonomy to make materially false and misleading statements directly to HP regarding Autonomy’s financial condition, performance and business during the negotiations between HP and Autonomy leading up to the Aug. 18, 2011, acquisition announcement. Allegedly, Hussain made false and misleading statements about the nature of Autonomy’s products, concealed Autonomy’s non-appliance hardware sales and made other false and misleading statements during HP’s “due diligence” of Autonomy. In sum, the indictment charges Hussain with one count of conspiracy to commit wire fraud and 14 counts of wire fraud.
No federal court appearance has yet been scheduled for the defendant.
An indictment merely alleges that crimes have been committed and the defendant is presumed innocent until proven guilty beyond a reasonable doubt. If convicted, the defendant faces a maximum sentence of 20 years in prison and a fine of $250,000, plus restitution, for each count of wire fraud and for the conspiracy count. However, any sentence following conviction would be imposed by the court after consideration of the U.S. Sentencing Guidelines and the federal statute governing the imposition of a sentence.
Assistant U.S. Attorneys Robert S. Leach and Adam A. Reeves are prosecuting the case with the assistance of Phillip Villanueva and Bridget Kilkenny. The prosecution is the result of a multi-year investigation involving the FBI and the U.S. Securities and Exchange Commission.
To prevent what happened at Edison, Buchanan believes U.S. firms should be liable for any contractor that uses H-1B visa workers to replace American workers. He also wants higher wages for visa workers, and believes the Trump administration should rescind President Barack Obama’s executive order giving the spouses of some H-1B workers the ability to work. He has been part of a lawsuitfighting the Obama move.
The H-1B program “was only supposed to be used for an unfilled job that you couldn’t find an American worker for,” said Buchanan.
So here’s a first step: reform the H-1B visa program to allow American companies to hire the high-skilled workers they need to grow and remain competitive. While the broader immigration debate will be heated and highly partisan, reforming the H-1B immigration program enjoys strong bipartisan support. President-Elect Trump’s stance on this issue is not yet defined. This creates a further opportunity to properly address this policy issue.
America’s H-1B visa program is designed to permit U.S. companies to recruit workers from abroad to fill highly specialized jobs here in America. Far different from the more wide-ranging worker visa program, H-1Bs are specifically used to fill specific jobs that companies can’t find enough American workers to fill. Particularly for technology firms, H-1B visas are a lifeline to the global talent pool of engineers, who can build products and create economic growth here in America, rather than in other countries.
Evidence shows that jobs for Americans would increase and wages would rise under the visa program. According to a 2012 report by the U.S. Chamber of Commerce studying foreign students with a STEM degree hired by American companies, each H-1B employee creates 2.62 additional jobs for American workers. According to another report from McKinsey in 2011, “in recent years, the supply of [STEM] graduates has been sluggish at a time when demand for them has been rising…the shortage of deep analytical talent will be a global phenomenon…either through immigration or through companies offshoring to meet their needs.”
all we have to do is look at total nonfarm payroll data from 1939 till now to realize that there has been very little growth like Alan stated in the propaganda above.
As for wages growing, just ask any of the Displaced American Software developers like myself who have seen their wages plummet if they have seen any wage growth.
And ask the American citizens if they got any of the jobs.
When it is very obvious that the non-immigrant guest workers that Alan wants to import more of were given all of the jobs that were created even though we didn’t create enough jobs for our own citizens.