Another piece of anecdata: a major bank and credit card issuer on the East Coast has started staffing in Mexico. You’ve definitely heard of them or even actually use their services if you’re American. They led a multi-year long tech “transformation” for which they hired heavily, especially new CS graduates. That’s now been scaled back considerably, and it’s H1B contractors as far as the eye can see. The irony is that the Indian H1Bs that undercut the local workforce are now being undercut themselves by Mexican contractors.