Intel is a great company. Unbelievable innovator. Cutting edge. And, full disclosure, I own stock in this company and it's really still very much a value stock.
However, this is an example of the duplicitous nature of corporate America. On the one hand they're lobbying the government for more foreign workers. Yet, on the other hand, they are laying off tens of thousands of domestic workers.
Tech giant Intel is laying off some 12,000 workers, although it’s one of the country’s 15 largest users of H-1Bs, which are temporary visas that allow companies to hire foreign workers for American tech jobs. The big-time layoffs come even as the company has called for hikes in the number of foreign workers it is able to hire using H-1B visas.
We could easily fill the demand for technology workers domestically if, rather than loading our students up on debt and making it difficult and expensive to get the proper education, we did like other countries--India, China, Russia, etc--and provide free, high quality education.
I would guess that most of the CEOs who run companies like Intel vote Republican and back policies like government spending cuts, "fiscal responsibility," wage suppression, offshoring, etc.
So, this is what we get. Hypocrisy.
