US Companies to Cut US H-1B Visa Sponsorship in 2024
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US Companies to Cut US H-1B Visa Sponsorship in Year 2024:
According to an analysis of 2024 facts, US H-1B Visa Sponsorship with the aid of top U.S. Corporations have appreciably reduced from america Citizenship and Immigration Services (USCIS). Maj huor tech companies have drastically cut again on H-1B visa approvals, suggesting a ability exchange in hiring practices even though Indian nationals nevertheless make up the majority of the visa pool.
Indian tech companies Infosys &.Tata Consultancy with sizable US operations, Services, also announced large layoffs.
Top companies’ declining H-1B sponsorships in 2024:
Amazon.Com Services LLC.
-Infosys Limited
-Cognizant Technology Solutions
-Google LLC: 5,364
-Tata Consultancy Services Limited
-Meta platforms inclusive
-Microsoft Corporation
-Apple Inc
-IBM Corporation
-HCL America Inc
Main Reasons of decline in H-1B visa sponsorship:
-Uncertainty of Lottery System
-AI & global recession
-Prioritizing US workers : Strict compliance requirements.
-High fees that discourage small companies.
- shifting to remote work.
Retrenchment & restructuring in the number of new foreign employees due to reduction.
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