Reported about 8 hours ago
U.S. President Trump's imposition of a $100,000 fee for new H-1B visas has forced India's $283 billion IT sector to reconsider its reliance on U.S. talent rotations, which have traditionally been vital due to the outsourcing of tech services. The move is expected to increase hiring of U.S. citizens and limit H-1B sponsorships to critical roles, disrupting established business models and possibly leading to greater reliance on other offshoring locations. The IT industry now faces challenges amid rising costs and slower revenue growth in U.S. markets.
Source: YAHOO