Hello weekend SMG bros
Just popping in to let you know that I work for a large tech company.
This H-1B visa issue is going to be massively disruptive to big US tech and is not priced in.
People/companies have to pony up the 100k BY TOMORROW EVENING if someone on a H-1B visa is out of the country and wants to come back in.
I.e if they are in Canada, India, China or whatever they are scrambling to get back now.
Unless Trump TACOs on this it is going to be massively disruptive. About 700,000 people are on those visas, half of them in tech.
Fully around 10% of the big tech company employees in the US are on those visas.
>inb4 "hurr durr policy good" or "hurr durr policy bad"
I don't really care what you think and I understand arguments in either direction. I'm just here to tell you that, unless Trump TACOs, this is going to be a massive issue for US big tech.