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Musk effect: Behind Trump's changing stance on H-1B visas

Economic Times

Economic Times · 6m ago

Musk effect: Behind Trump's changing stance on H-1B visas

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.

Related News

Indian IT services companies shed reliance on H-1B visas

Livemint

Livemint · 5m ago

Indian IT services companies shed reliance on H-1B visas

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.

Prickly US softens H-1B visa demand

Economic Times

Economic Times · 1m ago

Prickly US softens H-1B visa demand

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.

Fired Americans say Indian firm gave their jobs to H-1B visa holders

Livemint

Livemint · 1y ago

Fired Americans say Indian firm gave their jobs to H-1B visa holders

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.

Trump 2.0 to threaten H-1B plans of tech companies

Economic Times

Economic Times · 1y ago

Trump 2.0 to threaten H-1B plans of tech companies

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.

'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'

Business Today

Business Today · 4m ago

'Remove H-1B visa, collapse the economy...': Harsh Goenka shares old video of celebrated scientist on 'genius visa'

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.

Companies News Today Live Updates on January 6, 2025: Indian IT services companies shed reliance on H-1B visas

Livemint

Livemint · 5m ago

Companies News Today Live Updates on January 6, 2025: Indian IT services companies shed reliance on H-1B visas

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.

Fired US employees accuse TCS of giving their jobs to Indian H-1B visa workers

Livemint

Livemint · 1y ago

Fired US employees accuse TCS of giving their jobs to Indian H-1B visa workers

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.

Techies’ American dream fast turning into desi nightmare

Economic Times

Economic Times · 2m ago

Techies’ American dream fast turning into desi nightmare

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.

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

Livemint

Livemint · 7m ago

Elon Musk’s India visit in limbo, could Donald Trump’s win boost Tesla entry into India?

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.

An online debate over foreign workers in tech shows tensions in Trump's political coalition

Economic Times

Economic Times · 6m ago

An online debate over foreign workers in tech shows tensions in Trump's political coalition

An online debate among Donald Trump supporters has highlighted inner divisions regarding immigration and the tech industry. The dispute centers on contrasting views about bringing skilled foreign workers into the U.S., supported by tech figures like Elon Musk and Vivek Ramaswamy, versus Trump's base favoring stricter immigration policies. This discord underscores tensions in Trump's political movement, with tech leaders arguing for more skilled immigrants while hardliners advocate prioritizing American workers, reflecting Trump's own varied stance on immigration issues.

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