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Why are the Indian consultancy stocks up today? Are they effectively a cost plus business model, and as the costs increase, so do their profits? Have they trans
by jmpman 6y ago
Why are the Indian consultancy stocks up today? Are they effectively a cost plus business model, and as the costs increase, so do their profits? Have they transitioned to a US based workforce? Do they expect that their existing H1B employees will remain unchanged, and provide them with a long term advantage as other growing competitors can no longer access the cheap labor? Are they expecting this legislation to be overruled by judges?
- woofie11 6y agoSome work that was done in the US by directly hiring H1B employees will now be done remotely, in India, via a subcontracting relationship. If I'm hiring an Indian, I can reasonably sponsor an H1B. I can't reasonably set up a branch in India to hire Indians and maintain compliance with Indian laws. That's a project out-of-scope for all but the largest tech organizations.