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H-1B reality hits home; Games24x7 layoffs
The Economic Times· 2025-09-11 01:30
H-1B Visa Trends - Indian IT services exporters, including Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra, and LTIMindtree, have reduced H-1B filings by an average of 46% over five years, with TCS reporting 5,505 H-1B employees last year, second only to Amazon [3][10] - Global peers like Accenture, Capgemini, Cognizant, and IBM have also seen an average drop of 44% in H-1B filings between FY21 and FY25 [3][10] - Big Tech companies are increasing their H-1B sponsorships, with OpenAI filing 76 petitions and Anthropic filing 41 [3][10] Industry Adaptation - Indian software giants are shifting their business models by hiring locally, nearshoring to Mexico and Eastern Europe, and automating core processes due to immigration fatigue, geopolitical unease, and rising protectionism [5][12] - The proposed HIRE Act, which aims to tax US firms that outsource, could further complicate the H-1B landscape [10] Real-Money Gaming Sector - Games24x7 plans to lay off 500 employees, approximately 70% of its workforce, due to a ban on online real-money gaming [5][12] - The gaming sector is facing significant challenges, with over 2,000 professionals actively seeking new jobs following the ban [7][12] - Other companies, such as Mobile Premier League, have also laid off around 60% of their Indian staff due to the new regulations [7][12] AI in Therapy - Demand for online therapy is increasing, with startups like Docvita and Amaha Health reporting user growth of 16% and 80% year-on-year, respectively [8][12] - Startups are developing AI tools to enhance therapy services, including chatbots for matching clients with therapists [8][12]
X @The Wall Street Journal
Career Trends - Writers, actors, and musicians are transitioning from creative careers to talk therapists [1] - The article explores the reasons behind this career shift [1]