For anyone interested in being apart of eliminating jobs in India, there is a big initiative to eliminate the mainframe from insurance and financial institutions.
Some of this is the price of MIPS has gotten to the point where it is more costly than cloud based software.
Wells fargo and BofA is going a similar direction, as are a lot of insurance companies.
Part of the frustration was driven by the results of offshoring jobs to india and the ever increasing costs of consulting services and because of this man as well.
The assumption was that this elimination would result in reduced costs and no difference in maintenance, the end result was that Americans have been hired to manage those Indians, and the entire system has begun to collapse a bit rapidly now that they can't ship in jeets from overseas.
The strong intention from these banks seems to be mimic fintech in software architecture and eliminate the dependency on India and h1b's. They see that fintech can operate without mainframes, so they feel they should be able to as well, especially since a white paper was recently released by rocket software that showed millions of lines of cobol can be feed into a system and converted directly into java.
I mentioned earlier that ai code generation will eliminate the need for indians, I am going to double down and say that if these banks and insurance companies are successful, we will see a drop in tech jobs in india, I believe the head count will be negative this year and will keep decreasing over the next few years.