PWC News
Friday, May 8, 2026
No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis
No Result
View All Result
PWC News
No Result
View All Result

Trump’s new $100K fee on H-1B visas will hurt the tech companies trying to woo him

Home Economy
Share on FacebookShare on Twitter


President Donald Trump listens to a reporter’s query within the Oval Workplace of the White Home, on Friday.

Alex Brandon/AP


disguise caption

toggle caption

Alex Brandon/AP

President Trump’s newest govt order on immigration will sharply curtail a visa program utilized by lots of of hundreds of individuals presently residing in the US.

It additionally threatens some operations of the large tech firms which have tried onerous to curry favor with Trump this yr, elevating the query of how a lot return these firms are getting on that ongoing funding.

The president on Friday signed an govt order including a $100,000 payment for high-skilled employees to enter the nation by the H-1B visa program. It is a steep and dramatic overhaul for a program that many giant firms have used to rent hundreds of software program engineers and different highly-specialized employees.

Now a few of these firms are warning their employees to stay in the US — or to scramble to return by midnight tonight.

“We notice that is quick discover however returning quickly is advisable and you must make each effort attainable to clear U.S. customs earlier than 12:00 a.m. EDT (9:00 p.m. PDT) on Sunday, September 21, 2025,” Amazon wrote to workers this weekend, in accordance with an inner memo printed by Enterprise Insider and in addition reported by Reuters. (Spokespeople for Amazon didn’t reply to NPR’s requests for touch upon Saturday.)

Microsoft and JPMorgan Chase despatched comparable messages to workers after Trump signed the manager order. (Microsoft didn’t reply to NPR requests for remark; a JPMorgan Chase spokesperson declined to remark.)

The brand new $100,000 payment solely applies to new visas, not renewals or present visa holders, a White Home official advised NPR on Saturday.

The H-1B program is in style amongst companies — however critiqued throughout the political spectrum

Greater than half 1,000,000 U.S. residents are in the US on H-1B visas, in accordance with a U.S. authorities estimate in 2020. Congress permits 85,000 H-1B visas to be issued by a lottery every year, for which the U.S. presently costs a $215 registry payment (although firms then pay hundreds of {dollars} extra in charges to file a visa software, plus attorneys charges).

The H-1B program is meant for highly-educated, high-skilled employees like software program engineers or medical professionals. American firms in search of to rent a foreigner on an H-1B visa should first attest that they have not been capable of finding American employees with comparable expertise and that the foreigner will earn a wage just like what an American employee would earn.

It isn’t simply tech corporations that use this program, though they dominate it. Authorities knowledge present that different massive sponsors of employees on H-1B visas embrace JPMorgan Chase, Walmart and staffing corporations Tata and Cognizant, which place software program engineers and different employees at different massive firms.

The White Home says that these U.S. employers have abused and “intentionally exploited” the H-1B visa program to “substitute, fairly than complement, American employees with lower-paid, lower-skilled labor,” Trump’s govt order declared.

Comparable critiques have lengthy been raised by labor economists and politicians throughout the political spectrum, together with Senators Bernie Sanders (I.-Vt.) and Eric Schmitt (R.-Mo.) and Rep. Ro Khanna (D.-Calif.). A 2020 research by the left-leaning Financial Coverage Institute (EPI) discovered that almost all H-1B employers do pay migrant employees lower than market charge salaries.

“This system exploits employees,” says Ron Hira, a Howard College political science professor who research high-skilled immigration and who has testified earlier than Congress calling for an overhaul of the H-1B visa program.

Hira on Saturday cautiously praised Trump’s govt order. “In quite a lot of methods, this effort, directionally no less than, is in the precise path. It is lengthy overdue,” he mentioned.

However some immigration-focused teams blasted the president’s adjustments to the H-1B program. “This coverage shrinks our expertise pipeline, undermines job creation, and fingers America’s aggressive edge to world rivals,” the American Immigration Council, a nonprofit affiliated with an affiliation of immigration attorneys, wrote on Bluesky.

Huge Tech firms, and their billionaire founders, have spent this yr attempting to woo Trump

Regardless of the final influence on employees, Trump’s steep new payment for H-1B visas is a slap within the face for the tech trade, which hires hundreds of foreign-born employees yearly. This yr, Amazon has sponsored the very best variety of employees on H-1B visas, adopted by Tata, Microsoft, Meta, Apple and Google.

Tesla, the electrical carmaker run by onetime Trump ally Elon Musk, additionally closely makes use of the H-1B program (and has been accused in a lawsuit of utilizing it to underpay employees).

Musk and Trump publicly fell out this spring. Now Trump’s steep new charges on the H-1B visa program highlights the extent to which different tech firms — and the billionaires who run them — are additionally failing of their ongoing efforts to curry favor with the president.

The founders and CEOs of just about all the prime H-1B sponsors have assiduously courted Trump in his second time period. They’ve attended his inauguration, donated cash to his inaugural fund, tried to stave off his tariffs by promising to take a position billions of {dollars} in the US and, earlier this month, many went again to the White Home to attend a dinner with Trump.

But the brand new $100,000 payment on H-1B visas is the most recent coverage Trump has unveiled that can make it harder — and presumably costlier — for them to do enterprise.



Source link

Tags: 100KcompaniesfeeH1BHurtTechTrumpsvisaswoo
Previous Post

Persist, Resist – 2GreenEnergy.com

Next Post

PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout

Related Posts

PSEB Class 12 Result 2026 Date: When will the board announce results at pseb.ac.in? Check the latest update
Economy

PSEB Class 12 Result 2026 Date: When will the board announce results at pseb.ac.in? Check the latest update

May 8, 2026
Ex-SriLankan CEO involved in corrupt Airbus deal found dead | EconomyNext
Economy

Ex-SriLankan CEO involved in corrupt Airbus deal found dead | EconomyNext

May 8, 2026
Trump’s ‘bullying’ could kill off the very trade deal he created
Economy

Trump’s ‘bullying’ could kill off the very trade deal he created

May 7, 2026
U.S. trade tensions may drag on for the foreseeable future: Canada's former top trade negotiator
Economy

U.S. trade tensions may drag on for the foreseeable future: Canada's former top trade negotiator

May 8, 2026
Brent Hoberman: We need a ‘British dream’ – and more talented immigrants
Economy

Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

May 8, 2026
Gas prices keep rising, but do big oil companies plan to drill more? Not so far
Economy

Gas prices keep rising, but do big oil companies plan to drill more? Not so far

May 7, 2026
Next Post
PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout

PUMP Price Forecast: Whale Buys 1B Tokens as Bullish Pennant Signals 65% Breakout

Aster’s 24-hour DEX perpetual volume on Hyperliquid exceeds 0M

Aster's 24-hour DEX perpetual volume on Hyperliquid exceeds $700M

UnitedHealth Group (UNH): A Healthcare Powerhouse Among Dividend Paying Stocks

UnitedHealth Group (UNH): A Healthcare Powerhouse Among Dividend Paying Stocks

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED

Private Equity Best Practices | EI Blog
Investing

Private Equity Best Practices | EI Blog

by PWC
May 7, 2026
0

Improvements are not often nearly superior efficiency. They're additionally about experimentation. And all new experiments breed their fair proportion of...

Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

Brent Hoberman: We need a ‘British dream’ – and more talented immigrants

May 8, 2026
Coinbase cuts headcount by 14% citing AI acceleration

Coinbase cuts headcount by 14% citing AI acceleration

May 5, 2026
Global Compliance Carbon Markets: Auction Mechanisms | RPC

Global Compliance Carbon Markets: Auction Mechanisms | RPC

May 6, 2026
Why Kevin Warsh’s arrival at the Fed may catch fixed-income investors off guard

Why Kevin Warsh’s arrival at the Fed may catch fixed-income investors off guard

May 2, 2026
Gas prices went up more than 30 cents a gallon last week. How high could they go?

Gas prices went up more than 30 cents a gallon last week. How high could they go?

May 4, 2026
PWC News

Copyright © 2024 PWC.

Your Trusted Source for ESG, Corporate, and Financial Insights

  • About Us
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Business
  • Economy
  • ESG Business
  • Markets
  • Investing
  • Energy
  • Cryptocurrency
  • Market Analysis

Copyright © 2024 PWC.