mindmeld, there is something very unseemly about the current environment in corp USA with all this offshoring. That is the issue, not that people need to "retool". And this climate has hurt tech companies and tech stocks. Tech stocks don't rally like they used to. The industry is in a permanent state of funk, thanks to all this turmoil. The industry sortof recovered but the jobs didn't recover and therefore the stocks haven't recovered and likely will never.
I just want one sr manager from McKinsey or somewhere to admit ONCE that the lack of interest in tech stocks has something to do with the management philosophies practiced by tech managers. But nobody will do that, even though it is quite obvious. Working with BS like the following going on is not an "entitlement issue". Its time our corporate leaders started acting like quality individuals and if they can't do that, legislation will be enacted I believe, the sooner the better.
I work in a company where the sr management is really bothered by the fact their stock doesn't go up. They need to look at their own efforts towards the industry and the effect it is having on the stock market.
But on this day, when he was only 11 weeks away from being eligible for early retirement, the ax finally fell. Cotterill, 54, joined the growing ranks of computer professionals who so recently occupied a prized position in the U.S. economy but are now seeing their jobs disappear -- many outsourced to foreigners.
In the months leading up to his layoff, Cotterill was assigned to work alongside programmers from India who are taking over tasks formerly done by Americans, a process his company calls Knowledge Transfer, or KT.
Just a few years ago, his profession was at its peak in the United States. An increasing reliance on computers, the takeoff of the Internet and the Y2K reprogramming boom put U.S. software specialists such as Cotterill in high demand. Their pay and prestige rose commensurately.
His fate is emblematic of what has happened to many in his profession. With the crash of the technology sector and overseas outsourcing, thousands of U.S. jobs are disappearing and salaries are under pressure. The late-'90s sense of well-being is diminished.
modbee.com |
