WASHINGTON: US President Donald Trump plans to introduce a brand new US$100,000 utility price for H-1B employee visas as a part of his broader immigration crackdown, Bloomberg Information reported on Friday (Sep 19).
Bloomberg cited a White Home official conversant in the matter. Reuters couldn’t instantly confirm the report.
In keeping with the report, Trump was anticipated to signal a proclamation as early as Friday limiting entry beneath the H-1B programme until the applying price is paid. He additionally deliberate to order modifications to prevailing wage ranges for H-1B visas to additional restrict their use.
IMPACT ON TECH SECTOR
The H-1B programme is extensively utilized by know-how and staffing corporations to fill specialised technical roles. Amazon had greater than 10,000 H-1B visas authorised in 2025, whereas Microsoft and Meta Platforms every had over 5,000 approvals, in keeping with US Citizenship and Immigration Providers.
Shares of Cognizant Expertise Options, an IT companies firm closely reliant on H-1B employees, fell greater than 5 per cent on Friday.
