It appears to be like like hiring H1-B visa employees is about to get a complete lot costlier.President Donald Trump signed an government order on Friday that features adjustments to the H1-B visa program, which many tech firms use to rent 1000’s of expert overseas employees yearly.The order consists of imposing an H1-B utility charge of $100,000. The manager order stated the charge would should be paid to ensure that purposes to be thought of.Commerce Secretary Howard Lutnick, who spoke alongside Trump within the Oval Workplace, stated it might be a yearly charge for firms that rent H1-B employees. Officers stated the charge would assist make sure the visa is used to usher in employees who’re really very extremely expert and to not exchange American employees.”Both the particular person may be very priceless to the corporate and America, or they’ll depart and the corporate goes to rent an American,” Lutnick stated, including the adjustments would encourage firms to coach People as a substitute of bringing in overseas employees.He stated the charge would apply to new visas in addition to renewals.Based on the chief order, the brand new charge requirement will take impact on September 21 and expire after one yr, pending an extension.Among the prime tech firms sponsoring H1-B visas embrace Amazon, Microsoft, Google’s guardian firm, Alphabet, Meta, and Apple. As a result of firms are required to speak in confidence to the federal government what they pay H1-B employees, the information has supplied insights into Large Tech salaries.Trump calls out tech companiesIn his government order, Trump referred to as out 4 tech firms that authorized 1000’s of H-1B employees and in addition carried out layoffs. He didn’t title them, although they’re doubtless Microsoft, Intel, Amazon, and Salesforce. Enterprise Insider has reached out to the White Home to verify this.Trump wrote about “one software program firm” that introduced layoffs of over 15,000 workers, an “IT agency” that laid off 2,400 workers in Oregon in July, an organization that has lowered its workforce by 27,000 workers since 2022, and a fourth firm that eradicated 1,000 jobs in February.
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As Enterprise Insider has beforehand reported, Microsoft has stated it’s going to shed about 15,000 workers this yr, and Amazon has reduce a minimum of 27,000 workers since late 2022. Intel, which has beforehand discovered itself within the crosshairs of the Trump administration and can also be getting a 9.9% stake from the federal government, has a significant presence in Oregon, the place it made cuts in July. The fourth firm that Trump referred to was doubtless Salesforce.Gold Card visaTrump additionally signed an government order on Friday establishing the “Gold Card” visa, an concept he floated earlier this yr that will permit rich foreigners to acquire residency in america for a excessive value.The visa would permit rich people to pay $1 million for residency. Firms may sponsor people to get residency by paying a $2 million reward underneath this system, in line with a brand new authorities web site detailing the “Trump Gold Card.”Do you may have a narrative to share about H1-B visas? Contact this reporter at kvlamis@businessinsider.com.
