When Accenture has a huge offshore workforce to augment the H1Bs — they are still part of the problem, visa or not. H1B is tightly related to offshoring. They might have a few H1Bs with a client company, and then 50 or 100 offshore employees who are definitely not making $40 per hour. I personally trained Accenture employees who had a team in India doing the “real” work at far less than $40/hour. Most of Bangalore exists because of this business model.
The big “consulting” body shops are doing the labor equivalent of dumping. Dumping is a WTO violation, but seemingly doesn’t apply to labor.
My post isn’t about Indians. It’s about Indian companies that exploit the H1B system to create a pipeline to offshoring. I saw it with my own eyes.
“Average Indian household income is 152k” — the average Indian in the U.S. isn’t an H1B worker. This isn’t about Indians — this is about Indian “skilled labor” that’s filing a “shortage.” Indians are highly represented in many highly paid careers in the U.S. and the vast majority of Indians in the U.S. aren’t working “$40/hour” tech jobs.
And, a tariff on H1B (and offshore team) wages shouldn’t hurt H1Bs right? If there is actually a shortage, companies would be glad to fill the position. So how would that harm H1Bs? If a tariff on H1Bs results in fewer H1Bs, then clearly the shortage was a myth.
With Best Buy, I was in those meetings. The decision to hire Accenture had zero to do with any “shortage,” but it was to boost the company’s diminishing profits due to the impact of Covid on the retail space. So this argument that we need H1Bs and offshoring because of some “shortage” is a complete lie. If you fire your workers, then that’s the opposite of a shortage. You had a surplus of workers — otherwise why are we firing people?
US loves when capitalism works for US and it’s bad otherwise. Outsourcing will still happen even if you ban H1b. Maybe try asking lawmakers to sign in some proper workers protections!! if you allow companies to treat employees as dirt don’t be surprised when they do. No one should be able to kick you to the curb if you’ve spent your whole life at a place.
That’s a lie the best hire straight out of university too. Having worked for meta, Goldman Sachs and Bloomberg I can assure you it’s only a matter of cracking their interviews i.e. leetcode.
Funny enough you learn on a percentage basis their turnover rates are greatly exaggerated, and some years are lower than a “healthy organization” of their size would like.
No job is the best job, but you will learn a lot about tech and software engineering at these places. Doesn’t mean it’s right for everyone. But it is worth having an unbiased view on this.
Having been a senior person at some of those places and other adjacent and FAANG, as well as others, I can assure you those aren’t the best places. But they have good brand.
Having worked at banking and then faang. The problem is how oblivious I found some banking people! Especially people who joined straight out of university. They think they’re doing amazing work while never looking outside. The stuff in banking was antiquated and the rules were Downright hinderances to doing dev work. So unless you keep up with how things work outside it’s hard to assimilate with normal sane companies.
don't worry that is very usual. you just have low self-esteem not a lack of skill. I have a masters from a top school in US and I've worked for faang and trading firms, leetcode still gives me the shivers. one thing that is universal is switching jobs is the key to making more money. have a clear goal I deliver this and I need that money and tell this straight to management if they can't make it happen you leave! also bigger companies can offer you opportunities to work on harder problems if you land on the correct team. your battle scars from that much oncall are actually more valuable than your coding skills. you'll just know where to look if you enjoy that bit try SRE/production engineering roles having switched from SWE to SRE it gave me a new set of problems to keep me excited, but beware SRE roles can range from devops to tech support so look very carefully at what the job entails.
Having worked at startups and big tech I can say this article is wrong on so many levels. Programming complements you in all walks of life. You can be a ceo/ manager and still be a programmer. Also I never felt like being a tool or being a burden if you work at a non tech company then it might be true but at tech companies I’ve always felt more empowered than anyone else in making product decisions and I’m talking massive companies. This is just a rant by someone working in the tech dept. of target!
Unfortunately, not everyone is as fortunate. You need to be in the right place at the right time to have good experience like yours. I think the author mentions this in his last few paragraphs.
I agree to the point that the company is probably done at this point, but of the off chance that it succeeds I'd get the 10% and then walk. if he raises another round etc. then that's a bargaining chip to get something (probably would amount to 0 but better to have it)
> if he fires you that's wrongful termination(there's no performance issue until right before cliff). you can sue in that scenario
> I'm guessing you have a board seat too. he doesn't have 51% voting rights so he probably needs the investors to side with him to oust you for which he needs a legitimate reason. (title of CEO doesn't really matter all that matters is the voting rights you're not an employee).
> if there's a law suit and dispute between founders no investor will touch the company with a 10 foot pole, so if he goes for a fight he loses everything.
> there's no reason to go down to 3% when you own 10% next month. and people think of 10 idea everyday all that matters is execution and if you wrote the code and gave around a year of your life that's worth around 100k for an entry level engineer so I'd say you put in more than the 10k he put in.
> finally you have the code and you can tweak it and make it open-source there's no IP laws protecting code so at that point he owns nothing.
> honestly the company is done, the investor is neutral cause he's already written the company off and I would say this is the point of no return no matter which side this goes the chances of running the company are rather slim.
> the reason he doesn't want to monetize it is because he was probably planning on doing this to you, it'll be much harder to do it if the company is making money if you get out he'll monetize it the next day
I'd stick to my guns and tell them if they don't buy you out then the company is dead. The only scenarios are -
1. he buys you out.
2. lets your equity remain ( he probably can't fire you ).
3. company goes down
In FY 2021, 66% of approved H-1B beneficiaries earned a master’s degree or higher compared to the 13% of americans with masters degree
Now coming to indians in the USA doing low paid labour - average indian household in USA earns 152,341 vs 74580 of US average.
get your facts right and say thank you to indians for making america great!