The Trump administration has introduced a significant $100,000 fee on H-1B visas, a move that could drastically impact the tech industry and foreign skilled workers.
What Are H-1B Visas?
H-1B visas let US companies hire foreign professionals with specialized skills, especially in sectors like technology, healthcare, and engineering. These visas have long been a favorite for tech giants who rely on global talent to fill critical roles.
New $100,000 Fee: A Game Changer
The new order imposes a $100,000 fee on each H-1B visa application. This hefty amount may discourage many companies, especially startups and smaller firms, from sponsoring foreign professionals. The order is set to expire in a year, but President Trump could extend it, adding uncertainty for both employers and prospective employees.
Impact on the Tech Industry
The tech industry relies heavily on H-1B workers for innovation and growth. Many experts warn that this fee could reduce access to skilled talent and slow down progress in critical fields. Companies might face higher costs and fewer options for hiring the best candidates worldwide.
Sources:
Dawn News – Trump hits H-1B visas, a tech industry favorite, with $100,000 fee