retropain
08-02 01:11 PM
Because of the shortage of talent companies are moving their operations abroad. Wells Fargo just announced they're opening a technical center in India. No wonder the H1B and EB visa reform is long overdue...
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I suggest we compile such stories on this thread...
Wells Fargo to open tech center in India
Bank says the opening is not a cost-cutting move, but a result of a shortage of qualified technical talent in the U.S.
By Reuters
Published: August 1, 2006, 10:46 AM PDT
U.S. bank Wells Fargo on Tuesday said it plans in the fourth quarter to open a technology facility in Hyderabad, India, citing a shortage of qualified technical talent in the United States.
The San Francisco-based company said the opening is not a cost-cutting move, and will not result in the loss of U.S. jobs. It also said it will not employ customer service personnel or manage customer data at the facility.
U.S. commercial banks with large India operations include Citigroup and JPMorgan Chase.
Wells Fargo said the facility will provide technology resources, including software development. It plans at first to hire 30 to 50 people for the facility, and might employ as many as 300 next year.
"This is simply about supply and demand," Victor Nichols, Wells Fargo's head of technology information, said in a statement. "Like most major U.S. companies, we're facing a shortage of qualified technical talent, and we're not able to continue to meet this growing demand for such talent here in the United States alone."
Nichols said U.S. computer science graduates have fallen by about one-third in the last four years, while more technology and operations specialists are coming from India.
Wells Fargo said it employs more than 153,000 people in North America. It expects to hire more U.S.-based technology specialists as talent becomes available.
"The comparatively small amount of work we're planning to do in India--the same as work done for us today by outside contractors, some in India--is not motivated by cost savings and thus will have no effect on our U.S.-based employment," Nichols said.
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I suggest we compile such stories on this thread...
Wells Fargo to open tech center in India
Bank says the opening is not a cost-cutting move, but a result of a shortage of qualified technical talent in the U.S.
By Reuters
Published: August 1, 2006, 10:46 AM PDT
U.S. bank Wells Fargo on Tuesday said it plans in the fourth quarter to open a technology facility in Hyderabad, India, citing a shortage of qualified technical talent in the United States.
The San Francisco-based company said the opening is not a cost-cutting move, and will not result in the loss of U.S. jobs. It also said it will not employ customer service personnel or manage customer data at the facility.
U.S. commercial banks with large India operations include Citigroup and JPMorgan Chase.
Wells Fargo said the facility will provide technology resources, including software development. It plans at first to hire 30 to 50 people for the facility, and might employ as many as 300 next year.
"This is simply about supply and demand," Victor Nichols, Wells Fargo's head of technology information, said in a statement. "Like most major U.S. companies, we're facing a shortage of qualified technical talent, and we're not able to continue to meet this growing demand for such talent here in the United States alone."
Nichols said U.S. computer science graduates have fallen by about one-third in the last four years, while more technology and operations specialists are coming from India.
Wells Fargo said it employs more than 153,000 people in North America. It expects to hire more U.S.-based technology specialists as talent becomes available.
"The comparatively small amount of work we're planning to do in India--the same as work done for us today by outside contractors, some in India--is not motivated by cost savings and thus will have no effect on our U.S.-based employment," Nichols said.
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needhelp!
09-12 02:52 PM
让我们一起去华盛顿
Anders �stberg
February 3rd, 2005, 06:28 AM
Just relialized I may be influenced by my own zipper picture (http://www.dphoto.us/forumphotos/data/876/ZipItBlack_2806.jpg)... I guess it shows how my brain is pre-programmed for certain patterns. :)