President Donald Trump raised the fee for an H-1B visa to $100,000 on Friday, leaving companies scrambling to respond. H-1B visas allows highly skilled foreign professionals to work in specialty occupations that generally require at least a bachelor’s degree to fulfill the role.
Breakdown
- President Trump announced a $100,000 fee on H-1B visas used for skilled foreign workers. 4s
- Tech companies and banks are warning employees about international travel due to the new fee. 14s
- Executives say the fee could slow access to global talent but agree to comply. 1m 5s
- Some believe the fee may reduce the H-1B program and shift hiring toward U.S. workers. 1m 50s