• Post Reply Bookmark Topic Watch Topic
  • New Topic
programming forums Java Mobile Certification Databases Caching Books Engineering Micro Controllers OS Languages Paradigms IDEs Build Tools Frameworks Application Servers Open Source This Site Careers Other all forums
this forum made possible by our volunteer staff, including ...
Marshals:
  • Campbell Ritchie
  • Paul Clapham
  • Jeanne Boyarsky
  • Junilu Lacar
  • Henry Wong
Sheriffs:
  • Ron McLeod
  • Devaka Cooray
  • Tim Cooke
Saloon Keepers:
  • Tim Moores
  • Stephan van Hulst
  • Frits Walraven
  • Tim Holloway
  • Carey Brown
Bartenders:
  • Piet Souris
  • salvin francis
  • fred rosenberger

Some facts about US economy, layoffs and H1 holders

 
Greenhorn
Posts: 5
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Hi all
Everyone knows that US economy is going down and it is difficult to estimate something
right now because recession is still on growth
stage and nobody knows how longer it will take
to retain on a stable condition. There is one more
thing that 80% of US I.T. development is been done and
all of businesses have gone online or automated
through all H1 recruitement. infact they recruited a
big # of people as thinking that the same boom will
retain for some next years but Now U.S. I.T. market
have very less jobs to do as compare to 2-yrs back. So
ultimately firing will take place and companies will
definitely try to reduce their expenses.
Here comes another valid point and that is what i can
call is "Market Strategy", infact U.S. market was gone
on such Boom, which would might create some great
great losses for economy when original recession will
took place. So may be due to these reasons some
economy drivers have started making a FAKE slump
starting by I.T. job market and i think this the best
way to control it because all of the H1 holders are
non-U.S. residient and they are the best thing to play
and experiment with and it will not effect Americans
as well.
There would be another strategy to create a fake
recession and that is just to stop EUROPE to get in to
I.T. Yes, this would be, Germany is offering
green green card to all I.T. professionals and started
hiring globaly, same was going to happen with Uk,
Ireland and Finland in next 2-months. So, may be just
to tell europe that Recruiting is not a good practice,
Americans showed a big mistake result to give an idea
of Europe's current I.T. investment. This would be a
trick by Americans to be the Market Leaders.
Hope for the best and try to find out something good
in Europe like UK, Ireland, Germany and even Finland.
These countries are always stable and never been
effected by U.S. economy or international politics.
Rightly now England is in a big demand of I.T.
professionals. Java, Ejb, Asp, Support guys and Oracle
DBA is in big demand.
 
Desperado
Posts: 3226
5
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
I'm still waiting for the translation...
All I got is that it's some kind of yet another conspiracy theory.
 
arch rival
Posts: 2813
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
Economy (and history) is driven by cock up not conspiracy. It has been obvious for a while that the US .com bubble could not continue indefinatly, but "irrational entuseasm" tends to be followd by "irrational depression". If Europe is lucky it will get by on qiet confidence.
Marcus
 
Ranch Hand
Posts: 503
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator

Originally posted by Marcus Green:
driven by cock up


I'm not even going to ask what this means.
-------------------
Anyhow, I am still plodding along on the job search. Got back from the Green River (Utah). Awesome trip, many many trout. I am totally sunburned. And it is currently snowing in Denver this evening (Sun: 4/22/01).
John Coxey
(jpcoxey@aol.com)

[This message has been edited by John Coxey (edited April 22, 2001).]
 
Ranch Hand
Posts: 134
  • Mark post as helpful
  • send pies
  • Quote
  • Report post to moderator
I am not even sure what the point of this meaningless drivel really is. I know that I was on the board which decided to fake a slump in our corporation just to make Europe think IT investing is a bad idea. Then I called other corporate boards and advised them to do the same thing... hmmm, no, maybe I didn't do that and neither did anyone else.
One thing I did want to note is that H1 visa holders, while legally required to be rehired in 10 days after lay-offs, are for the most part getting a lot of leniancy from the US govt--which is even allowing easy transport of the visa to other companies. Not to put any gaping holes in anyone's conspiracy theories.
OP
 
I am mighty! And this is a mighty small ad:
Thread Boost feature
https://coderanch.com/t/674455/Thread-Boost-feature
    Bookmark Topic Watch Topic
  • New Topic