Amazon, the multinational online retail conglomerate, is importing more foreign workers to the United States to take coveted tech industry jobs than Facebook and Google combined. Every year, more than 100,000 foreign workers are brought to the U.S. on the H-1B visa and are allowed to stay for up to six years. There are about 650,000 H-1B visa foreign workers in the U.S. at any given moment. Americans are often laid off in the process and forced to train their foreign replacements, as highlighted by Breitbart News.Data reported by Statista reveals that Amazon requested to import 2,515 foreign H-1B workers in 2017, more than the 720 foreign workers that Facebook asked for and the 1,213 foreign workers Google has attempted to bring to the U.S. In 2017, Amazon, Facebook, Google, Microsoft, Intel, and Apple all requested more foreign workers to take U.S. jobs than the year before. In 2016, Amazon was one of the top 20 corporations demanding foreign workers to take … [Read more...] about Report: Amazon Importing More Foreign Workers to Take Coveted Tech Industry Jobs than Facebook, Google Combined
Tech industry
The San Francisco Bay Area’s economy is ‘defying gravity’ — and it reveals how powerful the tech industry has become
Leanna Garfield, provided by Published 10:50 am, Wednesday, April 25, 2018 Facebook/VisitSanJose Business Insider conducted an analysis of local economies in the 40 largest metro areas in the US. Areas near San Jose and San Francisco ranked as the two places with the top economies. Economists have said the Bay Area's job market "defies gravity." Economic progress is increasingly being powered by big cities, and the Bay Area's tech industry may only continue to explode. On a larger scale, US geographical economic inequality is growing, meaning Americans' salary-earning-potential is more connected to your location than ever before. It probably comes at no surprise that the San Jose and San Francisco metro areas have the strongest economies in the US. Many of the nation's largest tech companies are headquartered there, and one economist recently told Mercury News that the Bay Area's economy "is defying gravity." In a new analysis, Business Insider culled data across … [Read more...] about The San Francisco Bay Area’s economy is ‘defying gravity’ — and it reveals how powerful the tech industry has become
Google Ventures Partner: ‘People in the Tech Industry Are Losing Touch with Reality’
M.G. Siegler, a partner at Google Ventures, published an article recently claiming that Silicon Valley tech execs are losing touch with reality. In an article published on his blog 500ish Words, Google Ventures partner M.G. Siegler published an article titled “Arrogance Peaks in Silicon Valley” which claims tech executives in Silicon Valley are becoming increasingly out of touch with reality. Siegler states that although this phenomenon pre-dates Facebook’s current scandal which has rocked Silicon Valley with the possibility of stricter regulation of tech firms, Facebook’s situation has brought it to the forefront.“Increasingly, it feels like people in our industry, the tech industry, are losing touch with reality,” said Siegler. “You can see it in the tweets. You can hear it at tech conferences. Hell, you can hear it at most cafes in San Francisco on any given day. People — really smart people — saying some of the … [Read more...] about Google Ventures Partner: ‘People in the Tech Industry Are Losing Touch with Reality’
Tech, industrial stocks are big gainers as US indexes rally
Alex Veiga, Ap Business Writer Updated 11:30 am, Monday, April 16, 2018 Photo: Richard Drew, AP Image 1of/1 CaptionClose Image 1 of 1 FILE- In this April 5, 2018, file photo, a statue of George Washington, on the steps Federal Hall, overlooks the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 16. FILE- In this April 5, 2018, file photo, a statue of George Washington, on the steps Federal Hall, overlooks the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Monday, April 16. Photo: Richard Drew, AP Tech, industrial stocks are big gainers as US indexes rally 1 / 1 Back to Gallery U.S. stocks were broadly higher in afternoon trading Monday, adding to the market's gains last week. Technology companies, health care stocks and banks accounted for much of … [Read more...] about Tech, industrial stocks are big gainers as US indexes rally
Tim Cook: Facebook’s Cambridge Analytica consumer data debacle forces tech industry beyond self-regulation
By Mike Wuerthele Wednesday, March 28, 2018, 09:36 am PT (12:36 pm ET) Speaking on Wednesday, Apple CEO Tim Cook criticized Facebook for its mishandling and commercialization of consumer data, and again concedes that the time may be past for self-regulation of how companies handle personal information. "I think the best regulation is no regulation, is self-regulation," Cook said in answer to a question posed about Facebook. "However, I think we're beyond that here." Cook said that it would not only been better for Facebook, but for the tech industry as a whole had Facebook controlled use of data "patched together from several sources." He also made a point of mentioning that Apple doesn't consider consumer data a source of income. "The truth is, we could make a ton of money if we monetized our customer —if our customer was our product." said Cook. "We've elected not to do that." Cook refused a detailed answer on how he would deal with the problem if he was FaceBook CEO Mark … [Read more...] about Tim Cook: Facebook’s Cambridge Analytica consumer data debacle forces tech industry beyond self-regulation