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Stock impact report

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

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
Most Read from Bloomberg 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 could 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, according to the Bloomberg analysis, adding up to more than a billion dollars in visa charges. Tata would have had to pay the fee for 6,500 workers over that period, or 82% of newly approved H-1B workers. Cognizant would be face Show less Read more
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