Core Insights - The Trump administration's new $100,000 fee for H-1B workers hired from outside the US is expected to significantly impact the IT outsourcing and staffing industries, which have been targets for both political parties [1][2] - The fee is the largest restriction imposed on the employment of skilled foreign workers to date, leading to potential increases in costs for multinational staffing firms [2][3] Impact on Staffing Firms - Multinational staffing firms like Tata Consultancy Services, Infosys, and Cognizant are likely to be disproportionately affected, with nearly 90% of new H-1B hires at these companies approved at US consulates between May 2020 and May 2024 [2][3] - Infosys alone would face over $1 billion in visa charges due to the fee affecting more than 10,400 workers, while TCS and Cognizant would incur fees for 6,500 and 5,600 workers respectively [3] Changes in Visa Demand - Industry experts anticipate a steep decline in visa demand and a shift towards placing more workers overseas, regardless of potential legal challenges to the fee [4][9] - The IT consulting industry has already reduced new H-1B applications since 2024, and the fee is expected to accelerate this trend [9][10] Legislative Context - Both Republican and Democratic lawmakers have criticized the H-1B program, suggesting it serves as a low-cost alternative to American workers, despite H-1B employees being required to receive a prevailing wage [5][6] - The fee is seen as a measure to discourage companies from exploiting the system and to provide more certainty for American businesses seeking high-skilled workers [8][15] Future Hiring Strategies - Companies are likely to adapt their hiring strategies in response to the fee, with some major H-1B employers considering opting out of registering workers who require visa processing at consulates [14] - Projections indicate that the combination of the fee and a proposed lottery overhaul could reduce entries in the next lottery by 30% to 50% [15]

President Trump's base united on illegal immigration, but on legal immigration, a growing split with the president sounding a softer note. >> If you want to raise wages for American workers, you can't flood the country with with tens of thousands or hundreds of thousands of foreign workers. >> You also do have to bring in talent when a country talented people.No, you don't. No, you don't. We don't have talented people. >> No, you don't have you don't have certain talents and you have to people have to learn ...

RT James Fishback (@j_fishback)Ron DeSantis made history today. He directed Florida’s Board of Governors to halt the use of H-1B visas at state universities, ending the practice of importing cheap foreign labor from India and China for jobs that qualified Americans are ready and eager to do.For years, universities and corporations have used the H-1B scam to fire Americans and replace them for imported labor. Florida’s own universities have been among the worst offenders. DeSantis just proved that governors ...

Core Insights - Walmart has paused all job offers to candidates requiring H-1B visas due to the newly imposed $100,000 fee for new applicants, primarily affecting corporate positions rather than in-store roles [2][3][9] - The company employs approximately 2,390 H-1B visa holders and has historically relied on the H-1B program to meet its workforce needs [3][4] - Despite a revenue growth of 4.8% year over year to $177.4 billion in Q2 of fiscal 2026, Walmart is navigating uncertainty and has withdrawn its earnings guidance due to global market instability [5][6] Company Performance - Walmart's U.S. sales also grew by 4.8% to $121.6 billion in the same quarter, indicating strong performance despite external challenges [5] - The company has invested heavily in expansion through its "Investing in America" plan, which aims to modernize stores and create more domestic jobs, although this has led to an 8.2% decrease in operating income to $0.7 billion [8] Labor Market Context - The U.S. labor market is weakening, with 911,000 fewer jobs added than expected over the past year, and the unemployment rate rising to 4.3%, the highest in nearly four years [10][11] - The hiring rate is low, making it difficult for job seekers, including those affected by Walmart's decision, to find new positions [12][13]

Core Points - Walmart Inc., the largest private employer in the US, has stopped making offers to candidates requiring H-1B visas due to the recent $100,000 visa fee imposed by the US administration [1][2] - The new fee primarily affects Walmart's corporate staff and is part of a broader effort to reform the H-1B visa program [2][5] - Walmart employs approximately 2,390 H-1B visa holders, which is a small fraction of its total US workforce of around 1.6 million [2][3] Impact of H-1B Visa Fee - The $100,000 visa fee is expected to deter US employers, particularly startups and small to midsize businesses, from utilizing the H-1B program, which was designed to help businesses access global talent [5] - The White House claims that the changes to the visa program are legal and represent necessary reforms, while critics argue that the program undermines job opportunities for skilled US workers [6]

Exclusive: The U.S. Chamber of Commerce sued the Trump administration over hefty new fees in the H-1B visa program https://t.co/iIMOKx8Sd4 ...

Immigration Policy Concerns - The H-1B visa program is viewed as detrimental [1] - Concerns exist that the H-1B visa program lowers wages [1] - The program is perceived to displace American workers with foreign nationals [1] - American college graduates are believed to have limited job opportunities due to the H-1B visa program [1]

Core Insights - The H-1B visa program is under scrutiny due to a new $100,000 fee proposed by the Trump administration, which is argued to undermine economic and national security [4][5] - The U.S. Chamber of Commerce supports the H-1B program, stating it has contributed to economic growth since 1990 and that H-1B workers complement rather than displace U.S. workers [4][5] Economic Impact - The proposed fee could impede economic growth by stifling domestic job creation, particularly affecting small and mid-sized firms and startups [5] - The Chamber argues that the high cost of visas may incentivize businesses to move operations overseas, which could reduce the ability of U.S.-educated foreign students to contribute to the economy [5] Recommendations - The U.S. Chamber of Commerce urges the administration to rescind the $100,000 fee and instead collaborate with Congress on reforms to the H-1B program, including increasing the number of visas available annually [5]

Market Trends & Industry Dynamics - The MSCI India Index has experienced declines in all five sessions following the US President's order to overhaul the H-1B visa program [1] - The US President's order poses a risk of disrupting India's $280 billion software services industry [1]

When Trump announced changes to the H-1B visa program Friday, it was the middle of the night in India. For some H-1B holders there, the next day and a half was a chaotic race around the world. 🔗 https://t.co/QU9Fp8XX7R https://t.co/pJMrQRjtLI ...