Wells told employees it may cut foreign workers

Market Watch ^ | 31 March 2009 | Alistair Barr

[AreaMan]

SAN FRANCISCO (MarketWatch) -- Wells Fargo & Co., one of the largest U.S. lenders, told employees this month that it's considering cutting foreign workers, citing political pressure stemming from the government's bailout of the banking industry, according to an internal email obtained by MarketWatch.

[AreaMan]

Dear H-1b visa holders,

Due to the fact that we are accepting TARP funds, we can no longer pretend that you are not displacing U.S. workers.
We are going to have to let you go.

Love Wells Fargo

[silverleaf]

more grist for the lovefest facing zerO at the G-20

[brownsfan]

Works for me.

I have this old, outdated view that Americans should get preferential treatment in America.

[Drango]

I wonder how many congress critters would go on record supporting 65,000 new H1B workers coming in the US this year?

[pnh102]

If Wells Fargo is going to be a bum, it ought to be an US bum and hire US workers.

[Taylor42]

I'll believe it when I see it.

Or they could be replacing Indian foreign workers with cheaper workers from somewhere else.

[WellyP]

NOW, if only Vail Resorts would do the same! AMERICANS MUST WORK FIRST!

[WellyP]

NOW, if only Vail Resorts would do the same! AMERICANS MUST WORK FIRST!

[OpeEdMunkey]

I have this old, outdated view that Americans should get preferential treatment in America.

Yeah. I must come from that same old, outdated American POV.

[LuxAerterna]

The H1B Visa program should be ended, period. It’s nothing but indentured servitude and it’s sole practical purpose is to undercut the wages of American workers.

[HardStarboard]

>>>....it’s sole practical purpose is to undercut the wages of American workers.<<<

That is indeed one effect, but not the sole effect. It also is a means of supplying highly trained technical skills in fields like engineering which US colleges and universities are not turning out in sufficient numbers.

And the cause of that problem is the Public School system, run by, for all practical purposes, a Democrat PAC called the National Educational Association, a Union, that cares far more about political power and influence than teaching kids skills such as math and science that will be of value later in life.