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Indian IT firm slashes H-1B visa applications [CNNMoney.com]

INFOSYS (INFY)  More Company Research Source: CNNMoney.com
Last infosys earnings: 4/16 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
PDF Indian IT firm slashes H-1B visa applications -- but it's not just about TrumpAn Indian IT behemoth says it has cut its U.S. work visa applications by two-thirds.Tata Consultancy Services is one of the largest petitioners of H-1Bs, the high-skilled work visa favored by the tech industry. Its outsourcing operations cater to the IT needs of businesses around the world. To do so, it largely relies on getting work visas for Indian tech workers so they can consult with local businesses.In its annual report, published last week, the company said it applied for far fewer U.S. visas over the past two years. TCS would not comment the number of visas, but a spokesperson pointed CNN Tech to earlier comments from its CEO, where he said the firm applied for 4,000 visas in 2016, down from 14,000 visas in 2015.In other words, TCS started shifting its approach even before President Trump took office.In the report, TCS executive vice president of human resources Ajoy Mukherjee said the company has "ra [Read more]

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