Can we really take more massive layoffs?

[fred04]

The IT departments I have been in recently are down to 'bare bones' US staff.

US folks are doing the work of 3 or 4 people.

Of course, WiPro, Infosys, and Tata are all there too, but they don't seem too worried.

How much more can be cut? How many more can be replaced by H1B's, like in 2008 and 2009 (H1B boom years)?

You know the first department CEO's like to cut is IT, when their stock price drops even a little.

When does the cutting end?

Fred

[sonetlumiere]

As long as there's blood left to draw, the cutting won't stop. As long as there is money to be siphoned upward to "C" level execs and their bum boys in Washington, the cutting won't stop. As long as the body shops foist off incompetents with faked credentials and skills with the connivance of pols like Schumer and Cornyn, the cutting won't stop. As long as Timothy Geithner sees his current job as an audition for a Managing Directorship at Goldman Sachs, the cutting won't stop. As long as the Koch Brothers see even the remotest possibility that Social Security and Medicare won't be gutted, the cutting won't stop. As long as Jamie Dimon sees one unforeclosed house, the cutting won;t stop.  As long as the fat lazy proles sit on their **bleep**s watching "American Idol"  not rising up in anger, the cutting won't stop. As long as certain buffoons from the Buckeye State view what's going on as a Stalinist putsch and not the right wing power grab it truly is, the cutting won't stop.

[NewHavenITguy]

US folks are doing the work of 3 or 4 people.

Not me!

[99er]

-> Can we really take more massive layoffs?

The worst has yet to come, during the great depression of 1929, 23,000 people committed suicide in one year,

http://www.historylearningsite.co.uk/wall_street_crash.htm

[0xFFFFFFFF]

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NewHavenITguy wrote:

US folks are doing the work of 3 or 4 people.

Not me!

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Me neither.

Four regular employees would be wastjng more time on Facetube every day than I ever could.

[NewHavenITguy]

This was addressed to John Mauldin, a well known financial commentator

Read more: http://www.businessinsider.com/john-mauldin-jobless-recovery-2011-4#ixzz1VtC2i3kf

“…. I would like to get something off my chest. I would like to know why you seem to side with those analysts who keep telling us that the only way we can sort out Western economies is by making the average guy suffer through austerity programs… You are a very intelligent guy – obviously. You can see how things work and what is broken. You can also see through the greed and excesses of Wall Street, and you can read the economic data which clearly shows that the wealthy continue to get more wealthy in America whilst the average Joe continues to see his standard of living going in the opposite direction. Capitalism today only works for the 'have gots'. It's been going in that direction for more than 30 years now. You saw the senseless and stupid greed of the derivative scheme which fueled the housing bubble which led to the meltdown which never melted because Bush/Obama handed out a huge welfare check to financial institutions that should have been allowed to fail.

“In the aftermath of all this, politicians in DC, you, and your guest pundits warn us that the world as we know it will end if we don't somehow reduce the average Joe's Social Security, pension, Medicare and Medicaid benefits. Oh and let’s not forget the budget, which is being argued in Washington as I type this. The line is that we have to make drastic reductions to spending on domestic programs, on our schools, on our infrastructure, on unemployment entitlements, on all the things that serve to give working people a chance at a dignified life. You're a smart guy. You can recognize what is fair and what is greed and excess. When the nation is as troubled as it is today and yet the wealthy are living even better than they did 30 years ago, what does that say about America? I wonder if we really care about our neighbors anymore? I wonder why such a great country with such great natural resources cannot find a way to be just and generous and a beacon to higher ideals? Ike warned us to be wary of the military-industrial complex. Looks like he was right. We're a nation constantly at war, spending trillions on defense, whilst at home we enrich the already wealthy and tell the average Joe that he has to pay for it. I wonder how you manage to rationalize all this away – if indeed you do?

[walterbyrd]

> When does the cutting end?

As soon as the USA provides good jobs for all the people in India, and Mexico, and the rest of the world.