Google Investor Admits: No Labor Shortage in America's Tech Industry

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Billionaire hedge fund manager Christopher Hohn, an investor in Google, admits there is no labor shortage in the United States tech industry despite claims that more foreign visa workers are needed to fill jobs.

John Bindersome 12,000 employees across multiple cities in the U.S., Hohn wrote to CEO Sundar Pichai requesting the tech conglomerate cut another nearly 20,000 positions from its payroll and lower salaries.inadvertently admits there is no shortage of tech workers to hire in the U.S. despite industry claims that more foreign visa workers are necessary to fill jobs.

, which is in line with Alphabet’s headcount at the end of 2021. This would require a total headcount reduction in the order of 20 percent. [Emphasis added] “Competition for talent in the technology industry has fallen significantly allowing Alphabet to materially reduce compensation per employee,” Hohn writes.

Claims from the tech industry have helped drive a push by Republican and Democrat lawmakers in recent yearsthe largest tech conglomerates who have relied on the H-1B visa program to outsource white-collar jobs.

 

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Foreign visa workers are being trained by the experienced workers whose positions the inexperienced foreign visa workers are taking at lower wages.

But isn’t that why Biden is letting in millions of illegal aliens at the southern border? They’re all here to learn how to code, right?

Are tech companies laying-off huge numbers?

Another lie by Biden and his woke criminals. Color me surprised!

Haven't we pretty much know this for the last 25 years? All these Indian employees that they are getting rid of how exactly are they getting back to India, on their own dimes?

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They need more Minimum wage labour.

Go woke go broke!

We don’t need more labor. They just want us to work for free.

Entering valse information on a visa is a criminal act, no?

The only reason why Big tech was importing people was to pay their executives more money by paying lower wages to foreigners, even in our country. Welfare for the rich.

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