Microsoft layoffs won't hit India
I'm using this article as evidence for my argument that I often say:
The primary reasons layoffs are happening are lack of worker protections and more importantly OFFSHORING.
Everyone on this sub is complaining about US work visa program when there's roughly only 80K approved per year and they're temporary. They also have to be paid prevailing wage which is determined by department of labor based on market stats that are frequently updated. Those wages were also increased during the previous Trump admin.
There is NO LIMIT for how many employees you can offshore as an American company. This article shows that Microsoft prefers to lay off their US employees than their India employees which makes sense because the India employees are much much cheaper.
You can hire 3-7 India-based employees for 30KUSD each who will work 50 hours per week for the cost of one American employee. Of course they'll lay off the American employees. It would be economically unwise not to!
Don't forget, in a software company one of the biggest expenses is people! There's no factories or supply trucks or brick and mortar stores. Your 'production' depends on your tech stack and HUMAN resources.
This problem will not be solved without layoff regulation like they have in Europe, OR tech worker unions OR offshoring regulation.
Unfortunately none of these will happen so everyone will continue to blame immigrants instead of working together.
As we hit tech layoff season once again, it's important to understand why this is happening.