Trump hits H-1B visas with $100,000 fee, targeting the program that launched Elon Musk and Instagram

President Trump has made it much more expensive for companies for the recruitment of foreign workers through the H -1B program. White House Announced Friday Trump has signed a declaration that employers need a huge $ 100,000 fee for new H -1B visa applications, which is a huge jump from current $ 215 lottery registration fee.

H -1B Visa Allows US companies to recruit foreign workers in the fields that usually require technical skills such as IT, Engineering, Mathematics or Drugs. The program is tied to 000,6 new visas annually, with an advanced degree from US universities, an additional 20,000 for foreign graduates. Visas are rewarded through a lottery system and usually last for three years, though holders can expand or apply for a green card.

The new step in the administration is designed to crack what the program is widespread abuse, which is responsible for displacing American workers. According to the White House, the portion of IT workers with H -1B visas has increased from 32% to 655% today in 2003, and unemployment among recent computer science graduates has been a.1.5%.

Silicon Valley will undoubtedly take this initiative into the weapon. These restrictions are aimed at a program that helps to create some of the largest success stories in the region.

For most of this year, Trump’s close ally Elon Kasturi came to the H -1 B in the US after arriving as a student at first. Indeed, musk, in December, accepts issues with a critics of the H -1B program on his platform X. Tweet To this person, “The reason I have created SpaceX, Tesla and hundreds of companies in America with hundreds of criticisms with many criticisms I take it because of H1B and take myself into the mouth. I will not understand the preferences of which I will probably go to war on this issue.”

Instagram co-founder Mike Criger AI Giant has become an ethnographic chief product officer, one of the aforementioned success stories. Stanford, a Brazilian -born Stanford Grade H -1B Visa, worked on the primary immediate messaging platform Mebo.

Earlier this year, the National Initiative Capital Association Argue in a letter To the National Science Foundation, “Raising annual caps of H -1B visits issued for educated and highly skilled immigrants every year is basic for those who work in the job, the need for technical and special training needs more successful immigrant -established companies.”

The NVCA mentions that “H -1B Visa is not ideal for those who immediately find agencies in the United States for immigrants, they are still critically important for the success of immigrant established companies because they provide valuable work experiences and make the pipeline of potential immigrant startup more wide.” (H -1B’s employer -employee requirements make the organization directly impossible for the organization, forcing them to spend several years involved with employers before receiving the green card that allows them to launch their own startups. Abandon the startup around Before it is turned on because of this complication))

On Friday, the technical leaders of the X warned that talent had already warned about fleeing to more welcome countries. And Amazon, Google and Microsoft have informed staff with H -1B Visa to avoid foreign travel and avoid Stay in the United States nowThe

In the meantime, on Friday, the Trump administration was completely bored of criticism of the program, indicating specific companies that allowed thousands of H -1B workers to exclude American employees simultaneously. According to the White House Fact Sheet, an unnamed company has approved 5,189 H -1B employees in this fiscal year while spending about 16,000 US jobs in this fiscal year.

Declaration – which says it is partially in an attempt to “protect our national protection” – it includes the Wigle Room; Case-case-case discounts are possible if considered in the national interest.

It instructs the Labor Secretary to correct wages requirements to prevent American pay reduction.

Updated to include reports on how this post reacts to Amazon, Google and Microsoft.