Companies have been abusing the H-1B to replace US workers with lower-wage foreign workers.
People holding a H-1B visa will now feel insecure and are now planning for an exit from the USA. They now have a target on their back from the US government, telling them that they're not welcome.
Companies will now be reluctant to add additional H-1B visas, as it will be financially unfeasible in most cases.
No one can predict when the US government will instate legislation to once again change things around for the H-1B visa, which could be worse.
I have some personal advice for those here with an H-1B visa. Go and find something better either in your home country or another country that welcomes you. This company and country are not worth it.
I'm personally still with this company because I'm old and was hoping to retire with this company. Yes, I was stupid and have now missed the volunteer retirement boat. I thought I would ride it out for a few more years and eventually sign up for a retirement package or just get laid off. The work atmosphere not only su-ks for H-1B visa people, but it just su-ks for everyone. This once company that I was proud to work for has been long gone. I should have moved on long ago but was too lazy to believe what was coming; I was also a strong believer in Pat. I don't blame anyone except myself for not signing up for the volunteer retirement package that Pat offered.
H-1B visa holders, the present is the best time to plan for an exit. This is a chess match where there's no winning.