Summary
A major tech company, Tata Consultancy Services (TCS), announced it will stop hiring workers through the H-1B visa program in the U.S. This decision comes after President Donald Trump imposed a $100,000 annual fee for companies using these visas.
Key Facts
- Tata Consultancy Services is one of the largest sponsors of H-1B visas in the U.S.
- The company plans to reduce its reliance on H-1B visa holders and increase local hiring.
- President Trump signed an order introducing a $100,000 fee for H-1B visas.
- The H-1B visa allows U.S. companies to hire skilled foreign workers.
- TCS employs around 11,000 H-1B visa holders in its U.S. workforce of about 32,000 people.
- The decision is part of a broader strategy amid changes in U.S. immigration policies.
- The fee faces legal challenges, with lawsuits aiming to block it.
- Commerce Secretary Howard Lutnick emphasized hiring top talent or Americans under the new fee structure.
