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Musk effect: Behind Trump's changing stance on H-1B visas
Economic Times
·
6m ago
Medial
Amidst controversy over the H-1B visa system, President-elect Donald Trump expressed support for high-skilled immigration, endorsing Elon Musk's stance. Despite previously restricting access to H-1B visas, citing negative impacts on workers, Trump now acknowledges a domestic talent shortage highlighted by Musk. He proposes allowing foreign graduates from U.S. universities to stay and contribute economically. The shift comes amid both support and vitriolic comments about Indian-origin tech leaders, with Musk condemning such racism.
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Related News
Indian IT services companies shed reliance on H-1B visas
Livemint
·
6m ago
Medial
Indian IT services companies are reducing reliance on H-1B visas as their hiring in the U.S. increases. The H-1B visas, critical for employing foreign nationals in specialized roles, saw a decline in numbers over the decade, with companies like Infosys and Cognizant leading local hiring efforts. Despite mitigated vulnerability, potential visa restrictions and increased salary requirements could impact costs. Industry advocates highlight the essential role of H-1B workers in bridging U.S. skills gaps.
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Prickly US softens H-1B visa demand
Economic Times
·
2m ago
Medial
The number of H-1B visa applications for FY26 dropped 25% to 358,737, with 120,141 shortlisted, due to increased visa costs and economic downturns, prompting layoffs. Factors include a steeper fee now at $215, President Trump's tighter immigration stance, and reduced demand from tech companies like Microsoft and Meta. Students hesitant about Optional Practical Training (OPT) are returning home instead of staying in the U.S., impacting visa application numbers further.
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Fired Americans say Indian firm gave their jobs to H-1B visa holders
Livemint
·
1y ago
Medial
A group of American professionals has accused Indian outsourcing giant Tata Consultancy Services (TCS) of firing them and replacing them with Indian workers on H-1B visas. The American workers have filed complaints with the Equal Employment Opportunity Commission, alleging that TCS illegally discriminated against them based on race and age. TCS denies the allegations, stating that they have been an equal opportunity employer. The complaints raise concerns about how Indian IT companies utilize H-1B visas, which have long sparked worries about displacing American workers with cheaper foreign labor. The EEOC has yet to comment on the matter.
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Trump 2.0 to threaten H-1B plans of tech companies
Economic Times
·
1y ago
Medial
The possibility of a second Trump administration has raised concerns about the anti-immigration agenda and its impact on the H-1B visa program. The proposed fee hikes for H-1B visas are causing alarm in the tech industry, with registration fees set to increase by 2,050% and application fees by 70% from 2025. There is uncertainty about the future of immigration policies under Trump, as his first administration saw an increase in H-1B visa denial rates. The fee increases will affect the cost of bringing in talent, particularly when there is already a high demand for skilled workers.
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Amazon salary filings reveal Rs 2.3 crore pay for H-1B software engineers - The Economic Times
Economic Times
·
2d ago
Medial
Amazon is offering high salaries up to $263,700 for foreign hires in software engineering and related roles under O-1 and H-1B visas, excluding equity. Despite revealing these substantial base salaries in mandatory filings, Amazon has been reducing its workforce across various divisions, including Amazon Web Services, amid a broader focus on AI. As the H-1B visa becomes less reliable, more professionals are turning to the O-1A visa for U.S. employment opportunities.
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'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'
Business Today
·
5m ago
Medial
In the wake of Donald Trump's re-election, thousands of H-1B visa holders in the US are anxious about potential changes to visa regulations. Despite Trump's stated support for the H-1B visa program, new stricter rules aligned with his executive order on birthright citizenship, effective January 20, pose challenges for those seeking entry into the country. This situation underscores the ongoing uncertainties surrounding immigration policies in the United States.
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Companies News Today Live Updates on January 6, 2025: Indian IT services companies shed reliance on H-1B visas
Livemint
·
6m ago
Medial
On January 6, 2025, Indian IT services companies are reported to be reducing their dependence on H-1B visas. The day's updates provide insights into significant events impacting the business landscape, including company financial performance, strategic acquisitions, and market dynamics. Key topics covered include mergers, acquisitions, financial outcomes, and leadership shifts across various industries, reflecting ongoing developments in the corporate sector.
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Fired US employees accuse TCS of giving their jobs to Indian H-1B visa workers
Livemint
·
1y ago
Medial
Tata Consultancy Services (TCS) has faced allegations of hiring biases at its US unit from a group of American employees who claim they were fired to make way for workers from India on H-1B visas. These employees accuse TCS of discrimination based on race and age, as some of their work was reportedly given to lower-paid Indian immigrants. TCS denies the allegations, stating that it is an equal opportunity employer. 22 former TCS staff have filed complaints with the Equal Employment Opportunity Commission since December 2023.
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Techies’ American dream fast turning into desi nightmare
Economic Times
·
3m ago
Medial
Indian engineers in the US, particularly on H-1B visas, face growing uncertainty due to tech sector layoffs and immigration challenges. Layoffs, termed "Liberation Days," have hit US startups and hardware firms. Experts warn of potential future workforce reductions. Indian H-1B holders, comprising 72.3% of issued visas, are significantly impacted. Legal and staffing experts advise upskilling and adapting, noting remote work opportunities in India amid visa and economic shifts. Despite challenges, immediate visa policy changes seem unlikely.
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Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?
Livemint
·
8m ago
Medial
Elon Musk's association with Donald Trump's presidential campaign led to a surge in shares of his companies, with Tesla shares rising over 15% after Trump's victory speech. Trump praised Musk as a "genius" and hinted at assigning him a role in the "Department of Government Efficiency" to cut government spending. However, it is uncertain whether Trump's win will affect Musk's attempts to enter the Indian electric vehicle market, as his visit to the country has been delayed due to Tesla's other obligations. The future relies on Trump's stance towards China and whether Musk looks for alternative options such as India.
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