Wonder what effect this is gonna have?
4 replies (most recent on top)
Without undercutting wages with h1b workers, industries would fall apart. Expenses for US companies would grow 10x for the same output. For a country in debt the least we can do is be grateful for people agreeing to come in and do the work for less.
Unfortunately, as it is currently written, the $100,000 charge applies only when the worker is entering from outside the U.S. Once inside, extensions and amendments inside the U.S. do not trigger the fee. Existing H-1B holders already in the U.S. are not affected by the $100,000 fee unless they leave the country and a new petition is filed for re-entry.
I'd be looking for an update to the EO as these limitations start to be more broadly known.
Wouldn't this also encourage TU to continue just hiring in India or South Africa directly? Outside of sales or solutions, that is almost all new hires. I don't think that changes with this law
They also don't hire any longer with H1B, but keep those who are. If it costs a lot of money now to retain them, that could be a risk for those
According to public data within the H-1B Employer Data Hub, this will cost Transunion roughly 11 million dollars in renewals based on 2025 approvals as this would be an annual fee.
Out of 112 total approvals, 79 were Continuation Approvals, showing that TransUnion's primary activity is maintaining its current H-1B workforce.
Only 6 new hires were made through H-1B sponsorship.
3 Change of Employer Approvals reflect hiring experienced H-1B employees from other companies rather than going through the full lottery process.
24 Amended Approvals indicate organizational changes, such as role shifts or geographic moves, that required USCIS approval.
What that means...well...initially, none of these folks are going to be able to travel out of country as the fee would be required immediately. Think - no leadership visits to GCC
That 11 million is not budgeted, so that's going to have to come from somewhere. So either cut them, relocate them back to home countries, or cut elsewhere to make up that money.