How excellent - HCL have just taken over IT at my old workplace (News International home of The Times and the Sun etc), so for the staff that were moved across to HCL this does not bode well:

theodp writes "When questioned about his firm's US hiring, Information Week reports that Vineet Nayar, the CEO of the Indian outsourcing giant HCL Technologies, showed he can stereotype with the best of them, telling an audience in NYC that most American tech grads are 'unemployable'. Explaining that Americans are far less willing than students from developing economies like India, China, and Brazil to master the 'boring' details of tech process and methodology, the HCL chief added that most Americans are just too expensive to train. HCL, which was reportedly awarded a secretive $170 million outsourcing contract by Microsoft last April, gets a personal thumbs-up from Steve Ballmer for 'walking the extra mile.' Ballmer was busy last week pitching more H-1B visas as the cure for America's job ills at The National Summit."

Read more of this story at Slashdot.

[From Indian CEO Says Most US Tech Grads "Unemployable"]