Sources tell me that they are asking 90% of their staff at Bangalore to relocate to CA instead of laying off them. Not ideal, but better than being laid off.
Yes, although H1Bs aren't a great either. Most people I know who were on an L1 got their company to sponsor an H1 visa after a year or two and then change jobs a few years down the switch.
Just curious, not mad or anything, can anybody let me know why this is being downvoted? I didn't claim that it was factual or anything, just what I heard. What HN etiquette did I break? :)
It's a small-ish "bug" in HN, IMO: there are times when you think something is wrong, and want to downvote it, but ideally would put it at 0, and no lower, because you can tell that it's probably an honest mistake, rather than an attempt to deceive or spread false information.
InfoSys and other bodyshoppers do much more than that every year :-). Yahoo'll probably use L1 s though. With some help from the Immigration folks (which Yahoo has the clout to arrange if they wanted), this should be easy enough.
It would make no sense to lay off 1000s of people only to encourage them to move somewhere where you have to pay them more money.