Thread regarding IBM layoffs

Inside the Numbers: How Reliant Are Tech Behemoths Amazon and Apple on H-1B Visas?

Aside from the large outsourcing companies, IBM (IBM) was seventh with close to 1,500 H-1B hirings.

https://www.thestreet.com/story/13971370/1/how-reliant-are-tech-behemoths-amazon-and-apple-on-h-1b-visas.htm

The Trump administration's policies on immigration are changing again as the president on Monday signed a revised executive order banning immigration for six Muslim-majority countries.

The decision revives a controversial order struck down by a federal court of appeals last month.

And still Trump's executive order banning refugees and immigrants from a handful of predominantly muslim countries from entering the country could just be the beginning. The Department of Homeland Security has laid out plans for more aggressive immigration law enforcement that could significantly increase deportations, and it will temporarily suspend expedited processing for H-1B visas for foreign workers.

H-1B visas will not spark the kind of moral clash as President Trump's order on immigration, but the move would squeeze Apple (AAPL) , Amazon (AMZN) , Alphabet (GOOGL) , Microsoft (MSFT) and other tech companies.

The tech sector in particular relies on H-1B visas to find coders and other skilled employees. Prominent advocates of loosing restrictions on H-1Bs include FWD.us, a lobbying group backed by such prominent techies as Facebook founder and CEO Mark Zuckerberg, Microsoft MSFT co-founder Bill Gates, Netflix (NFLX) founder and CEO Reed Hastings, AOL boss Tim Armstrong. The group claims that skilled workers expand the economy and that every H-1B visa that the government grants produces nearly two jobs.

The government received 618,266 applications for the 85,000 available H-1B visas in fiscal year 2016, according to the Department of Labor.

Consulting and outsourcing companies such as Deloitte Consulting, Cognizant Technologies (CTSH) , Infosys (INFY) and Wipro (WIT) filed the most petitions, according to the Department of Labor. Apple made the top ten, submitting more than 23,000 petitions, or 1.9% of the total.

Howard University professor Ron Hira compiled a broader list of workers actually hired with H-1B visas, based on 2014 data, for testimony to to Congress last year.

Aside from the large outsourcing companies, IBM (IBM) was seventh with close to 1,500 H-1B hirings.

Some big names in tech fall outside the top ten. Amazon was 11th with 877 H-1B hirings in 2014, Computer Sciences (CSC) was 12th (873), Microsoft was 14th (850), Alphabet was 15th (728), Intel (INTC) was 16th (700) and Apple was 20th (443).

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Accenture invented this scam, yet they are not on the list... Hmmm.

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