Companies that want to bring in foreign workers should prepare to pay bigly, according to a new report.
Bloomberg reported President Donald Trump is planning to overhaul the H-1B visa program by imposing a $100,000 fee on employers seeking to bring in overseas workers.
The financial news outlet cited “a White House official familiar with the matter” as its source.
Silicon Valley’s tech sector uses H-1B visas as a tool to import skilled workers. Yet the Trump administration is arguing these practices have been abused and are harming Americans.
The report stated Trump will order Labor Secretary Lori Chavez-DeRemer to revise the program’s rules, effectively altering the wage rates paid out to H-1B workers.
This change is reportedly aimed at limiting visa use to avoid
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