Tata and Infosys face impact from Trump's H-1B fee
pre-market1 source ↓written by the desknot a recommendation
- for new H-1B
- $100,000 fee
- at Tata
- 90% of new H-1B hires
President Donald Trump’s $100,000 fee for new H-1B workers will significantly affect the IT outsourcing sector. Major firms like Tata Consultancy Services and Infosys, which rely heavily on skilled foreign labor, may see increased costs and operational challenges. This policy could reshape hiring strategies in the industry.
• 90% of new H-1B hires at Tata and Infosys were approved at US consulates from May 2020 to May 2024.
• The fee is the largest restriction imposed on skilled foreign labor to date.
Not investment advice. For informational purposes only.