Google CEO Sundar Pichai, Apple CEO Tim Cook, and Twitter condemned the move . "Visa reform makes sense," said Tesla CEO Elon Musk, "but this is too broad."
American companies from all industries have increasingly used the H-1B visa, one of several that have been suspended, to recruit from overseas for specialist jobs, including from India and China. Previously, there was a 65,000-cap on H-1B visas a year, with 20,000 extra visas for foreign professionals who graduate with a master's degree or doctorate from an American university. In 2019, 188,100 new and initial H-1B visas were issued.
"We need to start training our people better and until [we do] we will always have a shortage and be dependent on the political environment at the time," said Paul Melchiorre, operating partner at Stripes, a growth equity firm. He adds that boosting the American workforce's skills is a "matter of national security."
Europe, and in particular the UK, could stand to benefit from the US visa situation, according to Balderton Capital's Wise. "If those US companies are no longer making the same kind of hires because of changes to their visa system, that means that talent could easily be attracted to UK companies," he said.
If workers can no longer enter the US, the UK may be an attractive alternative. Grech, of Tech Nation, said the UK has many draws: namely, it's English speaking, and its tech ecosystem is thriving. "London startups raised more money since the start of January than Paris, Stockholm, Berlin, and Tel Aviv combined — with $4 billion raised already this year," he said.
Sooraj_Shah Trump is a checkers player not a chess players...he can only see the next move...
Sooraj_Shah This is misleading and fake news that needs to be reported to Twitter
Sooraj_Shah I am sure that recent furloughs and record unemployment numbers will have had no impact on those new application numbers whatsoever /s
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the French Riviera's pandemic party problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Houston we have a problem.... or in this case, France. 25 guys and only one woman, huge problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 email templates to boost sales during tough times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. LuisaZhou Business owners 'practice' empathy? What a sad day where empathy has to be practiced instead of inherent. I hope to see a day where sustainability, and overall company moral, is held in a higher regard over profits. Only then will empathy be standardized. LuisaZhou Business owners 'practice' empathy? What a sad day where empathy has to be practiced instead of inherent. I hope to see a day where sustainability, and overall company morale, is held in a higher regard over profits. Only then will empathy become standard.
Source: BusinessInsider - 🏆 729. / 51 Read more »
3 email templates to boost sales during tough times - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Paywall. And too expensive. Unfollowing. I receive daily phone calls from India claiming same thing for free...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Business groups say Trump's payroll-tax order could stick employees with large bills - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top tech IPOs in 2020, including Airbnb, Palantir, and Snowflake - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cybersecurity expert: How to protect your company from bot cyberattack - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »