A Slice Of Bangalore
10 Years Of Backlash
1998 – 2000
Worried about the Y2K bug, US government increases H1B visas to 195,000 visas per year. Indian IT companies jump at the opportunity and offshoring industry booms.
2001Dotcom bust. US tech companies start laying off workers and send work offshore to reduce costs.
2003
Worried about job losses in the US, politicians demand that US government cut down on H1B visas from 195,000 to 65,000 each year.
2004
Foreign media coins the term “Bangalored” to capture the phenomenon of software jobs moving offshore to low-cost locations.
2005
Worried that a shortage of skilled technical labour could harm their companies, CEOs like Bill Gates caution the US government against cutting down on H1B visas.
2007
The US economy starts slowing down. H1B visas cut down from 195,000 to 65,000.
2009
US Senators Bernie Sanders and Chuck Grassley propose legislation “requiring bailed-out banks to hire only Americans for one year”.
2009
President Barack Obama promises to crack down on US companies “that ship jobs overseas”. He says “We have a tax code that says you should pay lower taxes if you create a job in Bangalore, India, than if you create one in Buffalo, New York.”
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