Tax revenues must be raised to cover the cost of the plan under the ARR Act to stimulate the economy, while American companies are laying off American employees to outsource jobs abroad. This does not make sense. A minimal requirement that must be imposed on any company that wants to partake in the business opportunities created by the Stimulus Plan is not to have replaced its American employees with lower-paid workers abroad. The American taxpayer is not covering the ARRA cost in order to create jobs abroad at the expense of American job losses.
Cisco's "downsizing" to India
To stop the companies that continually screw American workers for cheaper, overseas labor:
Pull government and private contracts with these companies until the jobs are moved back to the United States, and filled with US Citizens.
Remove all tax relief for corporations who choose the bottom line over qualified, unemployed American workers.
Hit these companies where Americans have been hurt; in the wallet.
Think Before You Rant
Punish "corporations who choose the bottom line over qualified, unemployed American workers"? Huh? In case you've been sleeping for the last few decades, we happen to compete in a global economy. So if American companies don't focus on the bottom line, their competition around the globe certainly will. Companies that don't focus on the bottom line don't survive - and companies that don't survive can't employ ANY workers. I'm not promoting the outsourcing of American jobs, but give me a break. Your argument is naïve ... bordering on idiotic.
Focused on the bottom line
Cisco has been focused on the "bottom line" for quite some time now:
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Glad you believe it has payed off for Cisco stockholders.
Sincerely,
Brad Reese
BradReese.Com Cisco Refurbished
Where is Obama?
I thought Obama was going to punish companies for this? Like all else he promised...looks like a non deliver
Oh, yes. He's been in office almost 60 days, after all...
Oh, yes. He's been in office almost 60 days, after all. That's way more than enough time to turn around widespread, longstanding corporate staffing models.
Ridiculous
If NetworkWorld can find this out - the govt can find out about this and DO SOMETHING!! We need to tax these companies that send OUR jobs overseas.
I agree - great idea!!
I agree - great idea!!
Incorrect information
Cisco is also laying off people in India.
Did you miss the point?
Are the "laid off" Cisco jobs in India being moved to the U.S.?
The whole point of this story which I initiated for Jim Duffy and helped develop the inside sources at several worldwide Cisco locations for Network World is simple:
Cisco has laid off U.S. engineers and moved those "laid off jobs" to India!
Jesper Andersen can call me directly toll free at 866-864-0506 if he wants a personal tongue lashing from me!
Meanwhile, John Chambers has vowed not to repatriate a single dime of Cisco's $26.3 billion in cash overseas in order to avoid paying U.S. income taxes. Then he borrows $4 billion at low interest rates made possible by the hundreds of billions of U.S. taxpayer bailouts to financial institutions because he wants to avoid paying U.S. taxes on his cash overseas.
I encourage all Cisco employees to contact me with "inside" Cisco scoops!
Yours truly will do his absolute best to make sure they get published.
With that said, contact me personally about what is happening to Cisco employees in India (i.e. being laid off) as I would like to publish that information too!
Sincerely,
Brad Reese
BradReese.Com Cisco Refurbished
Cisco is not the only one - examine Oracle
A well done story. Oracle operates in much the same way by moving business operations and consulting work to people working out of it's India company. It's ironic when an India employee comes the US to work "on-shore" and is sitting next to an equivalent Oracle USA employee (doing essentially the same work with the same quals) and the India employee is making 1/3 the wages of the US employee.
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