The Trump administration's hefty $100,000 fee, which applies to new H-1B visa applicants, has stirred high-level talks in Silicon Valley and beyond, as the sharp jump from just a few thousand dollars triggered panic.

However, the fee hike, which was intended to protect American jobs, is having the opposite effect. Some companies are now considering moving more jobs overseas to offset the impact.

Impact on companies and employment

The steep visa cost has already forced companies to pause and re-evaluate their recruitment, budgeting and workforce plans.

According to company founders, venture capitalists and immigration lawyers who work with technology companies, the new fee is simply ‘unworkable’ in the US. Also Read | H-1B Visa News LIVE: Could doctors, medical workers be exempted

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