One of the top users of foreign workers imported via the H-1B visa program announced Tuesday it’s laying off about ten percent of its global workforce. 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. The chip-making giant said the mass firings are part of a “restructuring initiative” that will further its shift away from the PC business toward smart devices and cloud-based computing. FULL REPORT