Just lost my job and it’s so depressing seeing stuff like this every single day. 400+ applications and you don’t even get a call anymore. Nothing from recruiters. When you do get an offer, its 20% lower pay than ever before, while cost of living goes up. So you have to engage in borderline indentured servitude just to eat and pay rent.
My company is absolutely taking advantage of the H1Bs. They just did a huge round of “move to head quarters and take a pay cut or leave with severance”. Anecdotal, but it seemed to mostly target H1Bs. Every single one I know said they basically have to or return home because they don’t know if the government will even function to processes new sponsorships if they found one.