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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers - The Economic Times
Economic Times
·
2d ago
Medial
Amazon is offering high salaries up to $263,700 for foreign hires in software engineering and related roles under O-1 and H-1B visas, excluding equity. Despite revealing these substantial base salaries in mandatory filings, Amazon has been reducing its workforce across various divisions, including Amazon Web Services, amid a broader focus on AI. As the H-1B visa becomes less reliable, more professionals are turning to the O-1A visa for U.S. employment opportunities.
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Indian IT services companies shed reliance on H-1B visas
Livemint
·
6m ago
Medial
Indian IT services companies are reducing reliance on H-1B visas as their hiring in the U.S. increases. The H-1B visas, critical for employing foreign nationals in specialized roles, saw a decline in numbers over the decade, with companies like Infosys and Cognizant leading local hiring efforts. Despite mitigated vulnerability, potential visa restrictions and increased salary requirements could impact costs. Industry advocates highlight the essential role of H-1B workers in bridging U.S. skills gaps.
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H-1B holders see a glimmer of hope in UK's social security payouts deal
Economic Times
·
2m ago
Medial
The UK's exemption for Indian professionals from paying social security contributions could inspire the US to reconsider its policies for H-1B visa holders. In the US, H-1B workers pay up to 15.3% in social security taxes without eligibility for benefits unless they complete ten years. The UK's decision is part of a trade agreement and could lead to savings for Indian IT employees. India aims for a similar agreement with the US to address double taxation concerns.
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Prickly US softens H-1B visa demand
Economic Times
·
2m ago
Medial
The number of H-1B visa applications for FY26 dropped 25% to 358,737, with 120,141 shortlisted, due to increased visa costs and economic downturns, prompting layoffs. Factors include a steeper fee now at $215, President Trump's tighter immigration stance, and reduced demand from tech companies like Microsoft and Meta. Students hesitant about Optional Practical Training (OPT) are returning home instead of staying in the U.S., impacting visa application numbers further.
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Techies’ American dream fast turning into desi nightmare
Economic Times
·
3m ago
Medial
Indian engineers in the US, particularly on H-1B visas, face growing uncertainty due to tech sector layoffs and immigration challenges. Layoffs, termed "Liberation Days," have hit US startups and hardware firms. Experts warn of potential future workforce reductions. Indian H-1B holders, comprising 72.3% of issued visas, are significantly impacted. Legal and staffing experts advise upskilling and adapting, noting remote work opportunities in India amid visa and economic shifts. Despite challenges, immediate visa policy changes seem unlikely.
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Don't think all Nvidians are now rich, says one engineer
Business Insider
·
1y ago
Medial
An Nvidia engineer making $250,000 a year reveals that despite perceptions that employees at the chip giant are millionaires, "a million doesn't go too far." While some Nvidians may have considerable wealth tied up in stock, the engineer points out that taxes and living expenses take a significant portion. He notes that even a base salary of $1 million may not be considered rich in places like San Francisco. Furthermore, there are substantial pay disparities between Nvidians in the US and other countries, with software engineers in India earning about $19,000 per year.
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Gender pay gap widens as women go up the tech ladder
Economic Times
·
1y ago
Medial
The article discusses the widening gender pay gap in the technology sector as women ascend the corporate ladder. A report by Aon suggests that the unadjusted gender pay gap in the sector is around 28-30%, with a slight improvement from the 34-35% during the Covid-19 pandemic. The study also highlights the underrepresentation of female engineers in higher salary brackets compared to their male counterparts. However, companies like Capgemini, Mphasis, and Hexaware Technologies are implementing initiatives to create a fair and diverse workplace and address the pay gap issue.
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Bengaluru cab driver's monthly salary at IT giant he worked with leaves techie in shock
Economic Times
·
1m ago
Medial
A Bengaluru techie was surprised when a cab driver revealed his previous IT job's monthly salary of Rs 50,000-60,000. Despite the hefty pay, the driver left due to strict grooming requirements. This comparison highlighted the often surprising income disparities, as many fresh engineers in competitive roles earn significantly less. It challenges assumptions about job prestige and income, prompting discussions on fair compensation and how perceived lower-skilled roles can offer substantial financial benefits.
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Accenture won't give salary hikes, high bonuses to Indian employees: Report
IndianStartupNews
·
1y ago
Medial
IT giant Accenture has announced that it will not provide salary hikes and high bonuses to its employees based in India and Sri Lanka this year. The decision is attributed to the challenging economic environment and slower-than-expected growth. The company will still give salary hikes in legally mandated or critical skill areas and will pay lower individual performance bonuses compared to the previous year. Accenture had previously announced plans to lay off 19,000 employees globally. Employee promotions will also be postponed until June 2024.
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Go read this report on AI’s effects on Amazon’s software labor force.
The Verge
·
2m ago
Medial
Amazon's software engineers are experiencing increased pressure to meet higher output goals with reduced team sizes, largely due to the integration of AI technologies. The New York Times reports that engineers are now expected to deliver the same volume of code as before, despite their teams being halved. This mirrors Amazon's warehouse operations, where robots have significantly increased productivity levels. The shift is leading some coders to feel their roles are becoming akin to warehouse work.
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Amazon's AWS to invest $10 billion for two data centers in Mississippi
Economic Times
·
1y ago
Medial
Amazon Web Services (AWS) has announced plans to invest $10 billion in building two data center complexes in Mississippi, following increased demand for cloud services and AI technologies. This expansion comes after recent investments in Japan and Google's data center setup near London. AWS will collaborate with the Madison County Economic Development Authority to establish multiple data centers, creating over 1,000 new jobs in the state. Since 2010, Amazon has already invested $2.3 billion in Mississippi for infrastructure development.
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