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Stock impact report

Tata and Infosys to Bear Brunt of Trump's $100,000 H-1B Worker Fee [Yahoo! Finance]

Infosys Limited American Depositary Shares (INFY) 
Last infosys limited american depositary shares earnings: 4/21 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: infosys.com/investors
Company Research Source: Yahoo! Finance
the IT outsourcing and staffing industries that have long been a target of both parties. Most Read from Bloomberg Can Netflix Help Save the American Mall? A Train Grows in Brooklyn Extreme Weather Plunges Brazil's Largest City Into Darkness The fee is the biggest restriction the Trump administration has imposed so far on employment of skilled foreign workers. A Bloomberg News analysis found it will have a disproportionate impact on multinational staffing firms that act as middlemen for companies seeking H-1B workers. Those middlemen include Tata Consultancy Services Ltd., Infosys Ltd., and Cognizant Technology Solutions Corp. Almost 90% of new H-1B hires at those three companies between May 2020 and May 2024 were approved at US consulates. The workers would have cost each of them hundreds of millions more if the fee had been in effect. More than 93% of new Infosys H-1B hires in that timeframe—upwards of 10,400 workers—would have been hit with the $100,000 fee, accordin Show less Read more
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