JUN 25, 2020 | INDIA
Donald Trump’s H-1B Move Will Hit US Companies
The Times of India; VC Circle, June 25, 2020
By Shilpa Phadnis
US president Donald Trump’s decision to suspend H-1B visas will hurt many of the biggest American companies. Google, Amazon, Apple, Facebook and IBM were among the top ten recipients of fresh H-1B visas in the 2019 fiscal, according to data from US Citizenship & Immigration Services. BSA | The Software Alliance, which counts Microsoft, IBM and Intel among its members, also said the move would harm the US economy.
It said, access to foreign talent, adding to the expertise provided by American workers, is critical for the recovery and growth of all sectors of the US economy, including the software industry which supports 14.4 million jobs and contributes $1.6 trillion in total value-added GDP annually. The software industry employs highly-skilled foreign workers, including those on H-1B, to recruit for select positions that are critical for their businesses.
Original Posting: https://timesofindia.indiatimes.com/business/india-business/trumps-h-1b-move-will-hit-us-companies/articleshow/76616321.cms
VC Circle Posting: https://www.vccircle.com/it-firms-to-feel-the-pinch-as-trump-suspends-h-1b-visas/
ÜBER BSA
BSA | The Software Alliance (www.bsa.org) ist die globale Stimme der Software-Industrie gegenüber Politik und Wirtschaft. Die Mitglieder der BSA gehören zu den innovativsten Unternehmen weltweit und erarbeiten neue Software-Lösungen, die die Wirtschaft antreiben und das moderne Leben von heute prägen.
Die BSA mit Hauptsitz in Washington, D.C., und Niederlassungen in über 30 Ländern weltweit leistet Pionierarbeit in der Schaffung von Programmen zur Einhaltung und Durchsetzung geistiger Eigentumsrechte und der Einführung von Richtlinien, auf deren Basis technologische Innovationen und die digitale Wirtschaft gefördert werden.