just quit
I have worked at companies where they think they can save a dime with offshore help. I always just quit when they say "we need to you to train these offshore people". I put my resume out and in a couple of months I have a new job. Have some common sense people, if the ship is sinking be the first one to get out. Don't be an idiot trying to find a job when a ton people get laid off and are looking for work at the same time!