Following the announcement on Friday that the Trump administration is planning to add a new $100,000 annual fee for H-1B visa applications beginning Sunday, Amazon (AMZN), Google (GOOGL), Microsoft (MSFT), and others warned H-1B holders to not leave the U.S. and urged employees overseas on visa to return as soon as possible, Chip Cutter, Amrith Ramkumar, and Ray Smith of The Wall Street Journal reports, citing notes sent to staff and people familiar with their contents. Many companies now worry they could be liable for fee payments due to how many of their employes use this type of visa.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMZN:
- Companies urge workers back to U.S. due to H-1B visa fee, WSJ reports
- Amazon to face civil trial related to Prime subscription tactics, WSJ says
- Oracle (ORCL) Stock Rises on $20 Billion Meta (META) AI Cloud Deal Talks
- Trump’s $100,000 H-1B Fee Puts Amazon, Microsoft, and Google Under Pressure
- Amazon Faces Legal Hurdles: Prime Enrollment Under Fire