US President Biden understands first-hand impact layoffs can have on family: White House


The White House says U.S. President Joe Biden will lose his job as thousands of Indian-Americans are laid off in mass layoffs by tech giants such as Google, Amazon, Microsoft and Facebook. said she directly understands the devastating impact it has on families. IT professionals are out of work.

On January 20th, Google CEO Sundar Pichai announced that it has cut 12,000 jobs worldwide. It has become the latest tech giant to join Microsoft, Facebook and Amazon to cut staff en masse amid a global recession.

Last week, Microsoft announced 10,000 job cuts. This corresponds to almost 5% of the workforce.

Amazon also cut 18,000 jobs, while Facebook’s parent company Meta cut 11,000 jobs.

The scourge of the tech industry that began last year continues into 2023.

“The president understands first-hand the impact of losing a job on a family. He understands it very personally.

Jean-Pierre has ensured that President Biden will do everything to make sure the US economy works for everyone.

“He (Biden) is going to do everything he can to make sure this is an economy that works for everyone, an economy that works from the bottom up, middle out. I saw it,” she said.

Jean-Pierre said unemployment was plummeting in the United States despite layoffs, a testament to the steps the Biden administration has taken to revive the economy.

“When you look at CPI data, you look at PPI. More broadly when it comes to the economy, layoffs remain at record lows according to job postings. This is something that individual businesses should talk about.We can talk about how the economy has really been stable and stable because of the president’s actions,” she said. rice field.

As digital consumption surged in the years of the pandemic, tech companies began diversifying their portfolios and hiring more.

But as normalcy returns after the pandemic, tech companies have been forced to restructure and cut costs as consumers reduce their digital footprints.

Thousands of Indian IT professionals in the United States who have lost their jobs due to a recent string of layoffs are now seeking new jobs within the period stipulated under their work visas after their employment has ended in order to remain in the country. I’m having trouble finding it.

However, Jean-Pierre declined to comment on the difficulties faced by IT professionals who have not received an H-1B visa extension.

The H-1B visa is a nonimmigrant visa that allows U.S. companies to employ foreign workers in professional occupations requiring theoretical or technical expertise.

Indians make up the bulk of H-1B and other work visa recipients for skilled foreign workers, many of whom work in the high tech industry.

Meanwhile, India and the Indian Diaspora Research Foundation (FIIDS) on Tuesday urged President Biden, members of Congress, the Senate, and the U.S. Citizenship and Immigration Service to extend the grace period for H1B and L1/5.

“January 2023 has been a tough one for professionals with massive layoffs in the tech industry. Many talented people have lost their jobs. Dismissed H1B holders must find work with an H1B sponsor within 60 days or quit within 10 days of becoming disqualified. I have.

FIIDS also called for “extending the two-month grace period to at least six months and the ten-day grace period to at least two months, sympathetically considering the impact of families on humanitarian grounds.” I was.

(Disclaimer: This article was auto-generated from a syndicated feed, only images and headlines may have been modified by www.republicworld.com)




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