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JUN 25, 2020 | INDIA

Donald Trump’s H-1B Move Will Hit US Companies

The Times of India; VC Circle, June 25, 2020

By Shilpa Phadnis

US president Donald Trump’s decision to suspend H-1B visas will hurt many of the biggest American companies. Google, Amazon, Apple, Facebook and IBM were among the top ten recipients of fresh H-1B visas in the 2019 fiscal, according to data from US Citizenship & Immigration Services. BSA | The Software Alliance, which counts Microsoft, IBM and Intel among its members, also said the move would harm the US economy.

It said, access to foreign talent, adding to the expertise provided by American workers, is critical for the recovery and growth of all sectors of the US economy, including the software industry which supports 14.4 million jobs and contributes $1.6 trillion in total value-added GDP annually. The software industry employs highly-skilled foreign workers, including those on H-1B, to recruit for select positions that are critical for their businesses.

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Original Posting: https://timesofindia.indiatimes.com/business/india-business/trumps-h-1b-move-will-hit-us-companies/articleshow/76616321.cms

VC Circle Posting: https://www.vccircle.com/it-firms-to-feel-the-pinch-as-trump-suspends-h-1b-visas/

ACERCA DE BSA

BSA | The Software Alliance (www.bsa.org) es el principal defensor de la industria global del software ante los gobiernos y en el mercado internacional. Sus miembros se encuentran entre las compañías más innovadoras del mundo, creando soluciones de software que impulsan la economía y mejoran la vida moderna.

Con sede central en Washington, DC y operaciones en más de 30 países, BSA es pionera en programas de cumplimiento normativo diseñados para fomentar el uso legal de software, y apoya políticas públicas que incentivan la innovación tecnológica e impulsan el crecimiento de la economía digital.

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