WASHINGTON: US President Donald Trump plans to introduce a brand new US$100,000 software payment for H-1B employee visas as a part of his broader immigration crackdown, Bloomberg Information reported on Friday (Sep 19).
Bloomberg cited a White Home official conversant in the matter. Reuters couldn’t instantly confirm the report.
In accordance with the report, Trump was anticipated to signal a proclamation as early as Friday proscribing entry underneath the H-1B programme until the appliance payment is paid. He additionally deliberate to order modifications to prevailing wage ranges for H-1B visas to additional restrict their use.
IMPACT ON TECH SECTOR
The H-1B programme is extensively utilized by expertise and staffing corporations to fill specialised technical roles. Amazon had greater than 10,000 H-1B visas accredited in 2025, whereas Microsoft and Meta Platforms every had over 5,000 approvals, in line with US Citizenship and Immigration Providers.
Shares of Cognizant Know-how Options, an IT providers firm closely reliant on H-1B employees, fell greater than 5 per cent on Friday.
