Washington, April 4: Indian techies, who were looking forward to work in US, start their week with a bad news. Donald Trump has been promoting since last election to bring change in immigration policies.H-1B visa rules are about to experience a huge reformation if it really goes under the change that have been declared recently. The H-1B is a non-immigrant visa in the United States under the Immigration and Nationality Act, section 101(a) (17) (H). It allows U.S. employers to temporarily employ foreign workers in specialty occupations.Trump Administration has always expressed disregard for this scheme. This visa policy allows employers to hire foreign employee at the expense of American workers, as Trump promotes. The U.S. Citizenship and Immigration Services agency on Friday made it harder for companies to bring overseas tech workers to the U.S. using the H-1B work visa. On Monday, the agency issued a memo laying out new measures to combat what it called "fraud and abuse" in the program. The new policy cancels “computer programmer” as “specialty occupation”. Trump has had promised to put an end to lottery system for H-1B visa system, though this year’s lottery has started.
Silicon Valley is mostly dependent on H-1B visa holders. Many firms hire foreign employees to cut cost and gain more profit. They will be facing troubles for these changes. IT companies like TCS, Cognizant, Acenture, Wipro, and Infosys who employ a large amount of Indian Workers will certainly face problems. Even, shares of Cognizant Technology Solutions Corp., Infosys Ltd., Wipro Ltd. and Accenture Plc each slipped more than 1 percent on Monday. Time will tell further effects of these changes on Silicon Valley.