Cisco to shift 20% senior staff to India


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Maharaj   
Member since: Oct 02
Posts: 1721
Location: Brampton

Post ID: #PID Posted on: 05-02-07 16:52:02

Quote:
Originally posted by shankaracharyaThe effects of the current events will sting (our) children when they graduate with big dreams and $75,000 OSAP loans to face a job market which will offer $15 per hour working in warehouses and they will turn around and ask us why have brought us into this mess. Our children did not take the decision of immigrating, we forced the decision on them(with good intention) but sourely the reality is not so.

I believe you are writing this from your Home in India.

Quote:
Originally posted by shankaracharyaKindly talk to your friends in the IT sector, Banking sector, Accounting sector to find out what is really going on. I can list out a few addresses who live very near to you who have $350,000 to $400,000 homes with mortgages of $2000 + per month who privately tell me that they are unable to sleep or wake in the middle of the night with fear of losing their jobs. These professionals had very fancy jobs/salaries before with out the fear of job loss and look what is happening now.

Paying $2000 a month in Mortgage is Stupidity (He should start Renting & get Good Sleep - which is more important. I believe that paying more $1200 in Mortgage is Stupidity - considering the fact that Tax & Utility will avg to $500 a month. But then there are people who calls it 'Equity'.

Quote:
Originally posted by shankaracharyaThe husband was hired by a top Canadian company at a salary of $48,000 PA, and he was given an assistant at $20,000 and with in a month of his hiring his boss with a salary of $100K + was sent packing. The Desi was asked to take over his bosses responsibility at the same salary and his assistant fell down and broke his leg and is on Work Comp. Now my friend has to do his bosses job and his assistant job at the same salary.

Its a Huge Huge Experience for him, if he really is in "Top Canadian Company". There are only 8 hours of Work that you can do in a Day. Its irrelavant if it is your Work, boss's Work or Assistant's Work.


Quote:
Originally posted by shankaracharyaIn IT field what is happening is that they are hiring people on contract and with in a short period they find a new immigrant with equivalent qualification who is willing to work at 30% lesser. The story is the typical malayali tea shop story. The second guy sets shop next to a sucessful shop and undercuts each other, and eventually bring down the whole system.

For that New Immigrant it will be 'Stepping Stone' in Canada. He always can Build on that Contract.

Quote:
Originally posted by shankaracharyaI know for a fact people will spend 6 to 8 weekends checking out everything before buying a house or even a shirt. But sadly to say they are not doing the same before migrating to Canada.

Coming here and Migrating is a Personal Choice. You can't say that they are not thinking over & over just because final decision is to Migrate. Even Immigration process takes more than 4 years - which gives them ebough time to think & check reality. Nobody wakes up in morning saying - hey lets pack & go Canada.


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Mumbai Maazi Ladki ...




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