Skip to content
Trending
June 6, 2025Lululemon shares tumble 23% as it cuts full-year earnings guidance, citing ‘dynamic macroenvironment’ September 5, 2025Broadcom stock jumps 15% on new $10 billion customer that analysts say is OpenAI May 19, 2025Tariff receipts topped $16 billion in April, a record that helped cut the budget deficit September 21, 2025Luxury face cream from a pizza parlor: Inside fraud on Walmart.com July 12, 2025Why 22 million people may see a ‘sharp’ increase in health insurance premiums in 2026 May 7, 2025Consumer outlook hits lowest since 2011 as tariff fears mount, Conference Board survey shows September 24, 2025Micron beats on earnings as company sales rise 46% on AI boom May 9, 2025How to land a new job in a ‘low firing, low hiring’ market, economist says August 28, 2025Wealthy Americans are traveling to Europe to dodge tariffs on luxury goods August 5, 2025Chocolate, skincare and timepieces: What 39% tariffs on Swiss goods mean for U.S. consumers
  Thursday 9 April 2026
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
everydayread.net
  • HOME
  • Bitcoin
  • Business
  • Earnings
  • Economy
  • Finance
everydayread.net
  Finance  Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas
Finance

Big Tech companies, foreign governments scramble after Trump slaps $100,000 annual fee on H-1B visas

AdminAdmin—September 20, 20250

U.S. President Donald Trump speaks as he sits next to a “Trump Gold Card” sign, in the Oval Office at the White House in Washington, D.C., U.S., Sept. 19, 2025.

Ken Cedeno | Reuters

Major technology companies and foreign governments are rushing to respond after President Donald Trump late Friday announced plans to impose a $100,000 annual fee on H-1B visas, threatening to upend the program that underpins America’s technology workforce.

The Trump administration said the fee would apply per worker, per year, potentially dealing a massive blow to companies — primarily in the technology and finance sectors — that rely heavily on highly skilled immigrants, particularly from India and China.

The announcement sent shockwaves through corporate America. Amazon’s immigration team advised its H-1B and H-4 visa holders to remain in the U.S. and for those overseas to return before 12:01 a.m. ET on Sept. 21, according to internal messages viewed by CNBC.

More stories

Fed Governor Lisa Cook, in first policy speech since Trump suit, says she’s undecided on Dec. rate cut

November 4, 2025

Steve Cohen says tariffs and DOGE’s cuts are negative for economy, market correction could be soon

February 22, 2025

British bank Barclays beats on profit, braces for potential tariffs-led economic slowdown

April 30, 2025

Wall Street bets on chip boom are getting more concentrated, and it could be good thing for investors

September 19, 2025

JPMorgan Chase’s law firm sent a memo asking H-1B visa holders at the firm to remain in the U.S. and avoid international travel until further guidance, according to a person familiar with the matter.

Microsoft also has reportedly advised H-1B visa holders to remain in the U.S. and for those overseas to return, warning that international travel could jeopardize their immigration status, according to emails seen by Reuters.

The move represents the administration’s most aggressive move yet to restrict legal immigration. Since taking office in January, Trump has advanced a broad crackdown on both illegal and legal entry into the U.S., but Friday’s announcement marks the most significant attempt to clamp down on employment visas.

Amazon employed the most H-1B holders — more than 14,000 as of the end of June. Microsoft, Meta, Apple and Google had over 4,000 such visas each, among the top 10 recipients for the fiscal year 2025.

CNBC has reached out to all of the public companies on the top 10 H-1B recipient list for comment. The White House didn’t immediately respond to an email asking for comment.

‘Humanitarian consequences’

The announcement also disrupted the status quo overseas, where foreign governments scrambled to assess the impact of the new rules on their countries.

India’s Ministry of External Affairs said it is studying the visa restrictions and their implications, stressing that both Indian and U.S. industries share an interest in maintaining competitiveness in innovation. It also highlighted the likely disruption to individual families.

“This measure is likely to have humanitarian consequences by way of the disruption caused for families. Government hopes that these disruptions can be addressed suitably by the US authorities,” India’s Ministry of External Affairs said in a statement.

South Korea’s foreign ministry also said it is assessing the implications for Korean firms and skilled workers.

Below is a searchable list of the top 100 U.S. companies that have been H1-B recipients in fiscal year 2025.

— CNBC’s Annie Palmer contributed to this report.

Steve Bannon floats idea of Bessent running both Treasury and the Fed
Luxury face cream from a pizza parlor: Inside fraud on Walmart.com
Related posts
  • Related posts
  • More from author
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Finance

Nasdaq moves to make trading nearly 24 hours. Why some on Wall Street say that’s a bad idea

December 16, 20250
Load more
Read also
Finance

Visa says new AI shopping tool has helped customers with hundreds of transactions

December 18, 20250
Economy

Trust these numbers? Economists see a lot of flaws in delayed CPI report showing downward inflation

December 18, 20250
Earnings

Nike tops earnings estimates but shares fall as China sales plunge, tariffs hit profits

December 18, 20250
Business

American Airlines no longer lets basic economy flyers earn miles

December 18, 20250
Finance

Billionaire fund manager Ron Baron praises beaten-up financial stock whose new CEO he compares to Jamie Dimon

December 17, 20250
Economy

Watch Fed Governor Christopher Waller speak on interest rates and the race to succeed Powell

December 17, 20250
Load more
    © 2022, All Rights Reserved.
    • About Us
    • Advertise With Us
    • Contact Us
    • Disclaimer
    • Cookie Law
    • Privacy Policy
    • Terms & Conditions