Reply to Amazon laying off 10% of corporate (non-warehouse/delivery) workforce, their biggest layoff ever

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Reply to "Amazon laying off 10% of corporate (non-warehouse/delivery) workforce, their biggest layoff ever"

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[quote=Anonymous][quote=Anonymous]This is not recession. This is the new tech. All of them are buying data centers and building models. Less $$ for the traditional workforce. As a bonus, they will say they did it because their AI products are so effective. Free advertising. [/quote]

and out own government helps them replace US citizens with cheap foreign labor.

when will people wake up.  but usually people do not care until it happens to them.

The Optional Practical Training (OPT) for foreign students who have graduated from American universities allows all foreign graduates to receive a 12-month work permit, but STEM graduates are eligible for an additional 24-month work permit.  Businesses are using this program to circumvent H-1B visa caps and American and legal immigrant graduates are losing out:

OPT has grown more than 400% in recent years and is bigger than the H-1B program.
From 2007 to 2017, employers hired 2.5 million OPT and CPT workers.
[b]Employers don't have to pay payroll taxes on OPT employees, making them 15.3% cheaper to hire.  The FICA fund loses out on $2.5 billion each year due to this.[/b]
OPT visas are not merit-based and have no restrictions or limitations.
Fewer than 50% of U.S. STEM graduates are finding jobs in STEM fields, which is a direct result of the OPT program.
The OPT program is harming American STEM grads by giving companies a financial incentive to hire temporary foreign workers, even though the government is actively encouraging American students to study for STEM degrees.

https://cis.org/Report/History-Optional-Practical-Training-Guestworker-Program

The Optional Practical Training (OPT) program gives businesses a financial incentive to hire foreign college graduates instead of American and legal immigrant graduates. Employers do not have to pay payroll taxes and the OPT employees do not have to pay FICA withholding, making these employees significantly less expensive to hire. The OPT program is responsible for the inability of most American STEM graduates to find jobs in STEM fields -- fewer than 50% of STEM graduates are finding STEM jobs. [/quote]

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