LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

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

Garry Wills by Garry Wills
September 20, 2025
in Business Finance
Big Tech companies, foreign governments scramble after Trump slaps 0,000 annual fee on H-1B visas
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


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.

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.

You might also like

Stocks making the biggest moves midday: Cloudflare, Klarna, Strategy, Energizer & more

How to use the tax-loss selling occurring now to pick up quality stocks on the cheap

Stocks making the biggest moves premarket: Home Depot, Blue Owl Capital, Amer Sports & more



Source link

Share30Tweet19
Previous Post

Win your dream EV in Climate XChange’s 10th Annual Raffle!

Next Post

Warsaw and Romania called on to ‘shoot down everything flying toward Poland’ – London Business News | London Wallet

Garry Wills

Garry Wills

Recommended For You

Stocks making the biggest moves midday: Cloudflare, Klarna, Strategy, Energizer & more
Business Finance

Stocks making the biggest moves midday: Cloudflare, Klarna, Strategy, Energizer & more

November 18, 2025
How to use the tax-loss selling occurring now to pick up quality stocks on the cheap
Business Finance

How to use the tax-loss selling occurring now to pick up quality stocks on the cheap

November 18, 2025
Stocks making the biggest moves premarket: Home Depot, Blue Owl Capital, Amer Sports & more
Business Finance

Stocks making the biggest moves premarket: Home Depot, Blue Owl Capital, Amer Sports & more

November 18, 2025
Klarna tops third-quarter revenue estimates in first earnings report since IPO
Business Finance

Klarna tops third-quarter revenue estimates in first earnings report since IPO

November 18, 2025
Next Post
Warsaw and Romania called on to ‘shoot down everything flying toward Poland’ – London Business News | London Wallet

Warsaw and Romania called on to ‘shoot down everything flying toward Poland’ - London Business News | London Wallet

Related News

Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

Fisker adds new US dealer and several more in Europe as extreme price cuts take effect

April 15, 2024
BBC considers extending lease at Birmingham’s Mailbox

BBC considers extending lease at Birmingham’s Mailbox

September 29, 2023
Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value

Carl Icahn gets two seats on JetBlue’s board. Here’s how he may help build value

February 17, 2024

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?