Not even a pretense anymore

Companies are coming out and saying, in very clear terms, that they are "rightsizing" or laying off domestic workers, while simultaneously increasing foreign employment.Nothing wrong with that, except that these are the same companies that want lower taxes and claim that they will use repatriated profits to create jobs.

Boston Scientific to reduce staff by up to 1400 - Yahoo! Finance: "Medical device maker Boston Scientific Corp. reported better-than-expected earnings for the second quarter Thursday and announced it would reduce its staff by between 5 and 6 percent to streamline operations.

The company announced a global restructuring program to eliminate unnecessary administrative positions and automate some production work. The company expects to shed between 1,200 and 1,400 employees by the end of 2013 through layoffs and attrition. Boston Scientific expects the cuts to save between $225 million and $275 million annually, some of which will be invested in other areas of the company. The company didn't specify which divisions would be cut.

The announcement came one day after Boston Scientific unveiled plans to expand operations in China, including the hire of up to 1,000 new employees."