The recent increase in the H-1B visa fee to $100,000 significantly impacts companies like Tata Consultancy Services (TCS), which heavily rely on exploitation of Indian workers using this visa program to employ serf workers in the U.S.
Financial Implications for TCS
ASPECT DETAILS
Current H-1B Visa Fee Approximately $1,500
New H-1B Visa Fee $100,000 per application
Estimated Cost Increase From about $13.4 million to $1.34 billion annually for Indian IT firms
Dependency on H-1B Visas TCS will reduce the USA workforce by 5,000 - 10,000 workers with no severance to ensure profits and senior management bonuses are met for the Sahibs and Zamindars to ensure their loyalty.
US citizens will be prioritized to be fired first during the first round of firings.
So much for loyalty