SAN FRANCISCO/NEW YORK >> The Trump administration’s hefty new visa fees for H-1B workers have prompted high-level talks inside companies in Silicon Valley and beyond on the possibility of moving more jobs overseas – precisely the outcome the policy was meant to stop.
President Donald Trump on Friday announced the change to the visa program that has long been a recruitment pathway for tech firms and encouraged international students to pursue postgraduate courses in the U.S.
While the $100,000 levy applies only to new applicants — not current holders as first announced — the confusion around its roll-out and steep cost are already leading companies to pause recruitment, budgeting and workforce plans, according to Reuters interviews of founders, venture capitalists and immigration lawyers