Tech Giants Layoff, Import Workers
This is a U.S. news story, published by The Daily Caller, that relates primarily to Elon Musk news.
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Technology
U.S. tech giants have laid off tens of thousands of employees and secured tens of thousands of H-1B visas for foreign workers
70% Informative
Amazon , Google and Microsoft have laid off at least 27,000 , 12,000 and 16,000 employees since 2022 .
In that same roughly three-year period, the companies have secured at least 61,000 H-1B visas combined for foreign workers.
The U.S. H1B program allows businesses to employ skilled foreign workers with bachelor’s degrees for up to six years .
Indian nationals received more than 72% of U.S. H-1B visas in fiscal year 2022 , with Chinese nationals representing the next largest share at 12.5% .
Elon Musk and Vivek Ramaswamy voiced their support for the program last week .
President-elect Donald Trump appeared to come out in favor of the visas, telling the New York Post , “I’ve always liked the visas”.