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Microsoft asks all foreign staff to return to US after Trump's H1B bombshell

6 hours ago
https://economictimes.indiatimes.com/nri/work/microsoft-urges-h-1b-visa-holders-to-stay-in-us-for-foreseeable-future-after-trump-announces-100000-visa-fee/articleshow/124009637.cms?from=mdr
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  • #Tech Industry
  • #H-1B Visa
  • #US Immigration
  • Microsoft advises H-1B and H-4 visa employees to return to the US before the September 21 deadline.
  • H-1B visa holders already in the US are advised to continue working there for the foreseeable future.
  • JPMorgan also recommends H-1B visa holders outside the US to return before the deadline.
  • The new $100,000 annual fee on H-1B visas is defended as a corrective measure by Commerce Secretary Howard Lutnick.
  • The revised visa program aims to filter out low-wage workers and generate over $100 billion for the US Treasury.
  • 71% of H-1B visa holders are Indian, with major IT firms like Infosys and Wipro heavily reliant on the program.
  • The new fee could make retaining Indian professionals prohibitively expensive due to high costs and long Green Card waits.
  • Shares of IT services companies dropped 2-5% following the announcement.
  • Critics argue the measure discourages talent mobility, while supporters claim it prevents wage suppression.
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