A year after insisting that Congress must pass comprehensive amnesty legislation, Cisco announced Wednesday that it would lay off another 6,000 workers, about 8% of its workforce.According to BizJournals, Cisco has previously announced that "it would lay off 4,000 workers in 2013; 1,300 in 2012; 6,500 in 2011; and 2,000 in 2009." The new layoffs will occur in 2015.
In 2013, Cisco, along with other big-business interests, wrote to Congress that "failure to act is not an option" on amnesty legislation even though the Congressional Budget Office determined that the bill in question would lower the wages of American workers. In addition, numerous scholars and studies have debunked the notion that there is a shortage of American high-tech workers, but high-tech companies like Microsoft, Cisco, and Facebook want more guest-worker visas to import more foreign workers.
BizJournals reported that Cisco's revenue in the second quarter was reportedly $12.36 billion, down from $12.42 billion a year ago.
Last month, Microsoft announced it was laying off 18,000 workers one week after its former head Bill Gates called in a New York Times op-ed for an unlimited number of certain guest-worker high-tech visas.
http://www.breitbart.com/Big-Government/2014/08/14/Cisco-Slashes-6-000-Jobs-After-Pushing-More-Amnesty-Guest-Worker-Visas
Guest worker visa for high tech jobs is just a way for the big IT companies to get low cost workers. I am a IT/Communication professional in my 50's with 30 years experience and I am unemployable because the employers do not want to pay for my experiance. I have been told at an interview that the job is an entry level position, but it required 10 years experience in two different disciplines.
ReplyDeleteIn one of my previous positions as a IT Project Manager I was forced to use co-op students and contractors instead of hiring full time employees. I did have one full time worker on a work visa and he was paid just above the co-op pay. I had recurring projects that I had to train new contractors every 90 days as the company would not extend or renew a contract. The co-ops would be there for 6 months so they were my stable techs.