A report by Viju K George and Amit Sharma of JP Morgan India says that IBM, with 135,000-plus employees in India, has more employees in India than any other country. As a part of work-force balancing IBM has been continually rationalising its employee head-count in the US, while rapidly scaling it up in India and other lower-cost locations, says the research note.
Similarly, Accenture has marginally added to its workforce in the US. While the companys current US employee headcount is around 40,000, it has twice the staff in India. In fact, like IBM, Accentures India staff has nearly tripled in the past 6-7 years.
So, the Immigration Bill, which has been passed by the Senate but the House is in favour of a piecemeal approach, will put companies like IBM and Accenture at an advantageous position as compared with Indian IT firms. But given these firms track record of job creation in the US over a reasonable time frame, it does not seem to square up with the one of the Bills intents.