Trump plans to impose a $100,000 fee on H-1B visas, according to a recent report
In a move that could significantly affect IT services companies heavily reliant on H-1B workers, President Donald Trump signed a decree on Friday, September 19, 2025, introducing a new $100,000 application fee for H-1B worker visas. The H-1B program, widely used by technology and staffing companies for specialized technical roles, is expected to be further limited by changes to wage levels and potential restrictions on entry. According to a report published by Bloomberg News on Friday, Trump also plans to order changes to prevailing wage levels for H-1B visas. The proposed changes could potentially impact the operations of technology and staffing companies, with Amazon, Microsoft, and Meta Platforms each having over 5,000 H-1B visa approvals in 2025, according to US Citizenship and Immigration Services. Cognizant Technology Solutions, an IT services company that heavily relies on H-1B workers, saw its stock price decrease by more than 5% on Friday. The White House official familiar with the matter was the source of the Bloomberg report. However, our website was unable to immediately verify the report. It is expected that Trump will sign a proclamation restricting entry under the H-1B programme unless the application fee is paid. The introduction of the new fee is part of Trump's broader immigration crackdown, aiming to protect American workers and promote the hiring of domestic talent. The changes to wage levels are intended to further limit the use of H-1B visas. The decrease in the stock price of Cognizant Technology Solutions might be related to the proposed changes in the H-1B program, as investors express concerns about the potential impact on the company's operations. As more details emerge about the proposed changes, it will be interesting to see how technology and staffing companies adapt to these new regulations.
Read also:
- Electric-powered vessels take to the waters of Maine
- Elon Musk accused by Sam Altman of exploiting X for personal gain
- Comparing the value of top electric scooters: Kinetic DX versus Bajaj Chetak versus TVS iQube - Which one offers the best bang for the buck?
- American Eagle's risque promotional effort featuring Sydney Sweeney leads to the brand being categorized as a 'trendy stock' among teenagers.