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BANGALORE: Indian IT companies have a better track record of creating jobs in the US over the past several years compared to their American peers likeIBM and Accenture. Yet the proposed new US immigration bill seeks to penalize Indian IT and benefit American IT companies, notes a recent report by brokerage firm JP Morgan.
In the last 7 years, Indian IT companies are estimated to have added 30,000-40,000 jobs in the US, excluding green card holders. But IBM has reduced its workforce in the US, and Accenture’s addition to its US workforce has been marginal IBM’s US headcount is estimated at 91,000 for 2012, down sharply from 133,789 in 2005, as per data put together by IBM’s employee union Alliance@IBM (the company itself stopped giving a geographic breakup of its employee strength in 2010).
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