Correction, the layoffs will be followed by massive re-hiring overseas in 6 to 18 months.
The domestic jobs aren't coming back.
why do we feel that way? it's becoming more and more likely that developments in AI lead to a K graph in experience / value - senior / self sufficient workers will be significantly more valuable than ever.
unless you mean that the quality of domestic workers is declining, which i'd agree in most things (tho for some things like software i think still has a chance)
Meta has done several rounds of such layoffs since the post COVID interest rate hikes and they do not have a larger employee presence abroad since then.
They also, unlike a lot of their cohorts in FAANG, don't have a significant engineering presence in India and it hasn't rapidly grown since COVID either.
I’m curious why this meme is so sticky. In the early 2000s people were also panicking that all the software jobs were going to India and never coming back. It was so pervasive it made the cover of Wired magazine, but it never happened. Why is this time different?
AI: actually an indian
Seen in foreign workers remote driving ai cars, foreign workers training ai robots, etc etc
Offshoring has been a common practice for decades, it works great for some functions and not great for others. Why would it suddenly have a massive uptick in 2027?