Foreigners taking American jobs is about to end!!!
Trump raised the H-1B Visa fee from $1,000 to $100,000.
It won’t be economically feasible for companies to hire foreigners anymore!!
I KNOW I VOTED FOR THIS!!!
I am the VP of Workforce Economics at Oracle. We are worth $420 billion.
On Tuesday, we sent 30,000 employees a termination email at 6 AM.
Not 9. Not business hours. Six in the morning. They woke up to the word "eliminated."
The email came from "Oracle Leadership." Not a manager. Not a name. Oracle Leadership.
It said: "We are grateful for your dedication, hard work, and the impact you have made."
By the time they read the word "grateful," their access to email, files, and Slack had already been revoked. The gratitude was the last Oracle communication they received.
We did not eliminate the roles. We eliminated the salaries.
In the same fiscal year, we filed 3,126 H-1B petitions to hire foreign workers. 436 this year alone. The roles are identical. The pay is not.
An H-1B software engineer earns $87,000. The domestic median for the same work is $106,000. Eighty-three percent of H-1B workers are classified at entry-level wages for senior positions.
The industry calls this a skills gap. It is a pay cut that requires a passport.
The visa is tied to the employer. If the worker leaves, they lose their legal right to remain in the country. If they negotiate, they risk the same. If they organize, the sponsor declines to renew.
That is retention.
Our revenue this quarter is $17.2 billion. Up 22%. Net income up 95%. We have $553 billion in committed future contracts. Up 325%.
These are not the numbers of a company that needs to lay anyone off.
We took a $2.1 billion restructuring charge. That is the cost of the gratitude. It frees up $8 to $10 billion in annual cash flow. That cash services $156 billion in AI data centers we are building. Starting 2028, OpenAI pays us $82 million per day.
Larry Ellison is worth $189 billion. He pledged $51 billion in Oracle shares as collateral for the Stargate AI venture. Announced at the White House.
The stock rose 4% on Tuesday. The day of the 6 AM emails. Wall Street did not see 30,000 people. They saw the margin.
Amazon laid off 30,000 since October. Filed thousands of H-1B petitions in the same window. This is not one company. This is the operating model.
Fire the salary. Keep the role. Fill it with someone whose legal right to remain in the country depends on your continued sponsorship. Pay them less. They will not complain. They cannot.
One employee's father worked at Oracle for 20 years. No phone call. No meeting. An email at 6 AM and a locked laptop.
The role is still open.
The people we fired are free. The people we hired are not.
As relevant as ever. This is why Venezuelans, Iranians, Cubans and all survivors of anti-western tyrannies must stand together against the First-World Useful Idiots
My Venezuela experience as head of trading in the region for Cargill.
Cargill was/is the leading producer of critical staple ingredients such as flour, pasta, vegetable oil, and rice in VZ. I am not saying I agree with grabbing the dictator, but I did have a front row seat to the damage a kleptocracy did to innocent people.
1. The government took over our "minute rice" facility at gunpoint because we were "gouging" the nation's poor. The government was never able to run the plant. It never ran again. It was returned years later with no equipment inside
2. There are 1000's of generals in the army. They are each given a slice of the economy to loot. The large number of generals made it difficult to organize a coup against the regime.
3. The government opened grocery stores and sold staples below the cost we sold them to the government. In theory they used petro oil money to lower grocery prices. Our regular grocery outlets were forced out of business. When the government demanded we sell them products below cost we simply had to shut down. The populous became ever more dependent on the government handouts. (PS this is the mayor of New York City's proposal.
4. Dollars- We needed dollars to go buy raw materials like wheat from places like the US and Canada. The government would periodically allocate us some dollars that could only be spent for raw materials and freight. Eventually only the local companies that can and would pay bribes got dollar allocations. We had several facilities closed for lack of raw material
5. My employees liked working for Cargill. The office was an armed compound with access to a gym, high speed internet, global communications, and a weekly box of basic staples. Cargill provided a safe and secure environment if only for the working hours.
6. Employees became very close to others inside the apartment building. Going out on the street with a desperate population was not advisable.
7. I needed wood pallets for feed. We tried to export wood pallets to swap for grain. We refused to pay the bribes it would take to export the pallets
8. I once tried to set up a closed loop wheat planting to flour mill supply chain. A. They came and stole all the seed wheat for food. When we tried to ship in seed wheat in containers via US donors there was no way to get it out of the port without it being stolen
9. Livestock- Our feed business completely collapsed. Even if you could raise a pig, you couldn't defend it from being stolen. People with guns were hungry.
10. Employees- In the end my highly skilled team alone with other highly educated people chose to leave. Cargill often found jobs for them in other Latin countries. The regime was more than happy to see the well-educated leave the country. Setting these employees up with high quality stable jobs after fleeing remains one of the best things I ever did in my career. No one remembers millions in trading earnings.
This is a short list. In my opinion the first money spent needs to happen now and it needs to be food. The US is already on the clock. The current regime does not care if it starves the population. The orgy of theft will actually accelerate if they believe their days are numbered. VZ should be an outstanding customer of US grown ag products. Rice, bread wheat, veg oil ect. Feed the people first.
Jeff Kazin
Former head trading Cargill
Venezuelas around the world celebrate the capture of Maduro.
Liberals continue to try to convince everyone that Venezuelans did not want this.
Oh look, liberals are wrong again.
A Venezuelan American woman is outraged over liberal comments about Venezuela.
“We have suffered a lot.”
“This is the happiest day of our lives.”
“We have been wanting this. We have been praying for this”
“The way we don’t care [about oil], don’t worry about us.”
Maduro was a corrupt dictator who abused the Venezuelan people.
His fall is a win for humanity.
Importantly for Americans - he worked with China and Russia to undermine us, in our own backyard.
Trump did the right thing.
China and Russia are playing to win.
We should too.
"Some people talk about invasion in Venezuela... I answer, Venezuela has already been invaded. We have Russian agents, Iranian agents, terrorist groups such as Hezbollah, Hamas, operating freely in accordance with the regime..." #Venezuela