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.
BSA | The Software Alliance (www.bsa.org) is the leading advocate for the global software industry before governments and in the international marketplace. Its members are among the world’s most innovative companies, creating software solutions that help businesses of all sizes in every part of the economy to modernize and grow.
With headquarters in Washington, DC, and operations in more than 30 countries, BSA pioneers compliance programs that promote legal software use and advocates for public policies that foster technology innovation and drive growth in the digital economy.