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Stock impact report

Cognizant, Infosys hit hardest by $100K H-1B worker visa fee: report [Seeking Alpha]

Cognizant Technology Solutions Corporation - Class A (CTSH) 
Last cognizant technology solutions corporation - class a earnings: 2/5 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: cognizant.com/investors
Company Research Source: Seeking Alpha
companies, such as Cognizant Technology Solutions ( CTSH ) and Infosys ( INFY ), according to an analysis posted Monday by Bloomberg. The $100,000 fee went into effect for Quick Insights The fee will heavily affect companies like Cognizant and Infosys because about 90% of their recent U.S. tech hires went through the H-1B process, making them highly exposed to the increased cost. IT outsourcing firms such as Cognizant, Infosys, IBM, Accenture, and Wipro are most exposed, while larger tech firms like Microsoft, Apple, Google, and Meta use H-1B visas less extensively. Strategies include reducing dependence on H-1B visas, increasing local hiring, using near-shoring, university partnerships, and building local hubs, as stated by Infosys. Recommended For You More Trending News Show less Read more
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