Displaced American worker from JP Morgan/Chase

Why hasn’t Jamie Dimon, JPMorgan’s CEO been arrested yet?

This is criminal visa fraud and rigging of the US labor market – both Federal crimes.

…

“ashamed that I had cooperated with the Indians as they endeavored to eliminate the source of my family’s income“

https://outsourcecongress.net/tata/TimWright_20020901.htm

“From: Tim Wright

Displaced American worker from JP Morgan/Chase

To: Mr. Venglarik, Senior Management JP Morgan/Chase

Management responsible for importing foreign labor to replace his American staff

Mr. Venglarik,

I was a Senior Technical Officer in the Solutions Delivery division of ITM in Tampa for two years. Despite exemplary performance and praise from my superiors I was replaced by cheap offshore labor in India this past summer.

I got the news three weeks after the birth of my second daughter.

I am lucky. Although I lost many thousands of dollars because of having to quickly sell a house that I could no longer afford and although I spent savings that I was hoping was a start of a college fund for my children I was eventually able to find work. I had to move 625 miles away and be separated from my family for months, but we are together now and I am moving on.

Many of my friends are not so lucky. I have seen them devastated by the depression and stress that being thoughtlessly tossed aside brings crashing down. It saddens me deeply. I still have friends at the bank. Some of them know that their departments are being replaced by offshore companies. They live each day in anguish and dread.

I loved working for Chase. I was ready to spend the rest of my working life devoted to the bank. I felt a sense of family in ITM that seems to be missing in so many offices these days. There was a camaraderie that helped us perform in even the most adverse situations. Morale was high. When the catastrophic events of September 11, 2001 took place, I was very proud of the way my employer responded to those in need and those who had lost so much. My resolve to be the best officer I could be was strengthened and I began to brag about Chase to friends outside the bank. Then, just when my opinion of the firm was at its zenith, I realized that advertisement and public relations take many forms.

The very firm that waved the banner of the United States of America for all the world to see – a firm that appeared to be leading the charge as America mounted her recovery from a vicious blow – a firm that seemed so in touch with everyday America – failed me. Chase also failed America. The bank, faced with sagging stock prices and uneasy investors, turned its back on the American worker – the very source of its largess. Those of us in Tampa were humiliated by being forced to train Indian replacements or lose our meager severance pay.

You cannot begin to understand the conflict a father feels when he must actually assist in the removal of food from his children’s mouths. Many times during the 60 days that I worked out my notice period at Chase, I returned home to my family ashamed that I had cooperated with the Indians as they endeavored to eliminate the source of my family’s income. Many times I choked back tears when my 3-year-old met me each day as always with hugs as I came in the door. I lay awake most of those nights wondering how I was going to continue to support my family in a market where IT jobs were vanishing as corporate avarice sent more and more jobs overseas or into the hands of non-citizens working in this country.

I understand the firm’s need to appease stockholders. I understand that the economy has been soft. I also understand that corporate executives continue to collect bonuses for eliminating jobs and fattening the bottom line. I hope that Chase understands that this sort of solution is short lived. Executives who profit in this way have a habit of moving on once the blood is drained and start the process again somewhere else. What is left is a company that is in worse shape than before that no longer has experienced personnel nor the loyalty of the remnant of employees left behind. The other, most valuable thing that is lost is integrity. Chase and other companies who have stabbed the American worker in the back can no longer boast of being one of the “Best Places to Work”. They now must wear the badge of shame that comes with a record of letting greed outweigh morality. Finding the cream of the crop among potential employees in the future will be difficult. A trust has been violated. A precedence has been set.

I credit God with preserving my family and I during this trying time. There were times when I know that my mortal abilities were no match for the adversity that was set before me. Looking back, I know that He could see around corners where I could not. He has something better for me. I am thankful to God now that Chase is in my past. In some ways I am glad that I am no longer affiliated with the bank. (Knowing that credit card process programming is happening in India will forever prevent me from holding a Chase credit card.) I pray daily for my friends who remain with Chase. I will also pray for you and the other executives who may see short term profit from these moves.

Sincerely,

Tilmer (Tim) Wright”