Brief by Shorts91 Newsdesk / 10:10am on 17 Dec 2025,Wednesday Business
President Trump's $100,000 fee for new H-1B workers hired from outside the US will significantly impact IT outsourcing firms, particularly Tata Consultancy Services, Infosys, and Cognizant Technology Solutions. Bloomberg analysis reveals nearly 90% of these companies' new H-1B hires between May 2020-2024 were approved at US consulates and would face this fee. Infosys alone would have paid over $1 billion for 10,400+ workers (93% of new hires). Tata would owe fees for 6,500 workers (82%), while Cognizant faces charges for 5,600+ employees (89%). Industry experts predict the fee will drive jobs overseas, particularly to India, and could reduce lottery entries by 30-50% next year, despite legal challenges pending. (PC: Daily Excelsior)
