Companies based in the USA announce that H-1B visa holders will remain in the country during the pandemic.
The United States administration has issued a new visa order that may significantly impact the hiring practices of large US tech firms like Amazon, Microsoft, and Meta. According to reports published by Business Insider and The New York Times, the new H-1B visa policy could lead to a shift in hiring patterns within the tech sector.
Previously, the processing fees for the H-1B visa were a few thousand dollars. However, the reported changes now require a new fee of $100,000 per year, a substantial increase that has raised concerns among tech giants and their foreign employees.
Large companies, including Amazon, Meta, Microsoft, and JP Morgan, are urging their foreign employees to return to the US within 24 hours. An internal memo from Amazon's staff was also cited in the report, advising employees working on H-1B visas who are currently outside the USA to return to the United States within the specified timeframe.
The H-1B visa is primarily used by large US companies to hire foreign workers, with a significant number coming from India. The new visa order, according to the US Commerce Secretary, Howard Lutnick, aims to make it harder for companies to bring in inexperienced foreign workers.
The reported data suggests a substantial number of foreign workers in the US tech sector holding H-1B visas. Companies fear that hiring foreign employees may become too expensive or even impossible if they need to re-enter the US after a stay abroad, given the increased cost of the H-1B visa.
Foreign employees who cannot return within the deadline are advised not to enter the US until further notice. This new visa order may encourage companies to hire American workers instead, due to the increased cost of the H-1B visa.
The report about these actions was published by Business Insider, citing employees and internal communications from the mentioned tech giants and the bank. The New York Times also reported these developments regarding the H-1B visa.
As the situation unfolds, it is clear that the new visa order may have far-reaching implications for the US tech industry and its workforce. Tech companies are closely monitoring the situation and working to understand the full impact of the new policy on their hiring practices.
Read also:
- Strategizing the Integration of Digital Menus as a Core Element in Business Operations
- Financial Actions of BlockDAG Following Inter and Borussia Agreements: Anticipating Future Steps
- International powers, including France, Germany, and the UK, advocate for the reinstatement of sanctions against Iran.
- Companies urged to combat employee resignation crisis, as per findings from the Addeco Group
