Tech Companies Dealt H-1B Visa Blow; Will They Outsource To India?
Employees of Indian IT outsourcing giant Infosys in Bangalore. Infy, as it is known, is one of the ... [+] biggest beneficiaries of the H-1B visa program in the U.S. (Photo by MANJUNATH KIRAN/AFP/Getty Images) Getty Companies looking to bring in foreign software engineers and other IT specialists got dealt another uppercut by the Trump Administration this week. It’s a “no soup for you” moment for companies accustomed to bringing in mostly Indian tech workers to fill the hiring gaps they have been blaming on the lack of domestic STEM talent, for at least the past decade. “Today I’m signing an executive order to ensure that the federal government lives by a very simple rule: hire American,” Trump said yesterday. Nearly two-thirds of all H-1B visa hires are from India. Most of them end of working for the Indian multinational IT firms — Infosys and Tata Consultancy Services here in the U.S. But companies like Amazon AMZN , Facebook, Deloitte and IBM IBM also bring in foreign ...