MS cuts 5,000 jobs - No job loss in India

Microsoft laid off 872 workers locally (Redmond, Wash) last week, while NO Layoffs took place at Microsoft India. Outsourcing is sapping the American economy every day. Americans are training their own replacements every day.

Microsoft to axe 5000 no job cuts in India

POST A COMMENTBonusOnus(01/28/2009)
Wow, what a surprise.

Isn't Microsoft/Bill Gates one of the most outspoken ones about the dire need to raise H1B visas because they can't find enough talented people in the USA?

also, (unlike the us government) the indian government usually demands that the us companies create X amount of jobs if they are allowed to relocate to a particular area.

Why can't the US government demand that? Sure, some companies (like MSFT) can threaten to move their company overseas but that's a dare I would take. The USA has the best combination of working infrastructure, access to capital, an educated workforce, and a non-corrupt government.

I would love to see MSFT relocate to Bangalore India (I've been there). Intermittent power failures, REALLY bad traffic, corrupt local politicians and bureaucrats grifting them, a very UNdiverse workforce, lack of security (compared to the US) -- see how long before MSFT comes running back to the US. You think Steve Ballmer would relocate to India?

CK(01/28/2009)
The more things change (for the worse) the more things stay the same (shipping American jobs offshore). Last I read, COngress is looking into all the H1b requests and are starting to questioning them with so many Americans being out of work. I only hope that given the current situation that we just may have a government on our side! I keep hoping ....

BonusOnus(01/29/2009)
CK,

Do you have the link to that article you read about COngress looking more closely at the H1B visas?

CK(01/29/2009)
Sorry but I got the link some time ago in my business e-mail and might have deleted it. I do think it may have been from eweek.com but not sure.

SouthernProgrammer(01/30/2009)
At the risk of repeating myself, it's odd that we can't outsource congress or CEO's....

CK(01/31/2009)
I hear that some Europian countries place caps on executive pay. What I mean by caps is not limiting the amount of pay but rather the percentage of the lowest paid person on staff. So if the CEO wants to millions in income the janator will be one well paid SOB for just sweeping the floors!

BonusOnus(02/01/2009)
While the plan sounds good, the method is too heavy handed. Are we going to force companies to "spread the wealth"?

I oppose excessive executive compensations but at the same time, they are businesses and private enterprises (ie the shareholders are the ones who own the company).

Instead of laws like that, I would change how the board determines executive compensation. Nowadays, a CEO of Company A sits on the compensation committee for the board of Company B. The CEO of Company B sits on the compensation committee for Company A. Like politicians, they scratch each other's back.

1) Bank cross-company links that allow CEOs to sit on the compensation committee for boards of other companies. It's just the compensation committees that they are prohibited from.

2) Require all companies to have clawback provisions...if things get bad or

3) Allow shareholders to rescind compensations by vote if they deem it excessive.

4) Force stock option grants to be staggered.

5) I would like to see this but I know it's a pipedream - have at least one board member be a representative of the employees of said company.


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