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.
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/
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The Business Software Alliance (www.bsa.org) is the global trade association of the enterprise software industry, representing companies that are leaders in artificial intelligence, cybersecurity, cloud computing, quantum, and other breakthrough technologies. We work in over 20 markets in the US, Europe, and Asia, advocating for policies that build trust in technology so that every industry sector and the public can benefit from innovation.