USA jobs

Tech Layoffs Send H-1B Visa Holders Scrambling for New Jobs – Bloomberg

Bloomberg Surveillance: Early Edition with Francine Lacqua live from London, bringing insight on global markets and the top business stories of the day.
Overnight on Wall Street is morning in Europe. Bloomberg Daybreak Europe, anchored live from London, tracks breaking news in Europe and around the world. Markets never sleep, and neither does Bloomberg News. Monitor your investments 24 hours a day, around the clock from around the globe.
Manager and music executive Ibrahim Hamad takes us on his long journey from meeting a then-unknown rapper named J.Cole in college to becoming his manager to helping him build a label, a festival and a media company as partners.
France’s EDF Delays Restart of Nuclear Reactors in Blow to Energy Supply
European Gas Prices Fluctuate Ahead of Key EU Talks on Price Cap
Fendi Goes Back to School to Save Centuries of Italian Tradition
BOJ to Sit Tight as Markets Weigh Post-Kuroda Path
India’s Economic Activity Looks Set to Slow as Resilience Wanes
Top Hong Kong Market Regulator Urges City to Uphold Rule of Law
Philippines’ Largest Telecom Slumps 17% After Billions of Pesos in Budget Overrun Revealed
Twitter Will Remove Accounts That Link to Other Social Media
Apple Suppliers Accelerate Buildup Outside China, Analysts Say
Musk Poll on Stepping Down as Twitter Chief Leans Toward Yes
Fresh India-Pakistan Feud Erupts Over Hitler-Modi Comparison
Thai Navy Hunts for 31 Sailors Missing at Sea After Ship Sinks
PulteGroup Fires Exec Accused of Defamation By Founder’s Heir
Michael Burry Says Crypto Audits Are ‘Essentially Meaningless’
Jones Snags Lateral on Final Play, Raiders Stun Patriots
Messi Wins World Cup, Argentina Beats France on Penalties
Investors Lose Another Shootout Against the Fed
A 35,000% Stock Market Return in Europe? Here’s How
Therese Raphael’s View to 2023: Sometimes the Future Is Obvious
The Future of Work Is Lunch
Hollywood Loves Its Never-Ending Blizzard of Cheap Christmas Movies
Seven Takeaways From Businessweek’s Cocaine-Smuggling Cover Story
Clinton-Backed Initiative Ships Pfizer Covid Drugs to Africa
Amazon Hit With Strike Campaign in Germany Days Before Christmas
COP15 Adopts Biodiversity Plan to Protect 30% of Land and Water by 2030
Australia Launches Offshore Wind to Move Away From Coal
The (Slowly) Changing Face of Europe’s Mayors
Tech’s Bust Delivers Bruising Blow to Hollowed-Out San Francisco
Young Taiwanese Breathe New Life Into Villages Once Home to War Vets’s World Cup Win Is Overshadowed by FTX Industry Chaos
Binance, Alone at the Top After FTX, Stirs ‘Too Big to Fail’ Crypto Worry
This Week in Crypto: SBF Arrested (Podcast)
Hundreds of people in the US on temporary work visas may need to leave the country if they can’t find new sponsors.
Photo Illustration: 731; Photo: Getty Images
, and

Subscriber Benefit
Sign In
Mass tech layoffs have left hundreds of workers living in the US on temporary visas with little time to find another job, or they’ll have to leave the country. And many say they’re getting inadequate guidance from the companies that sponsored them.
The tech industry has long relied on the H-1B visa program to meet its need for workers in specialized fields such as computer science and engineering. Amazon, Lyft, Meta, Salesforce, Stripe and Twitter have sponsored at least 45,000 H-1B workers in the past three years, according to a Bloomberg analysis of data from US Citizenship and Immigration Services. Reports compiled by employees at Meta and Twitter indicate that the latest round of job cuts at those two companies alone has affected at least 350 immigrants. H-1B holders who become unemployed can remain in the US legally for only 60 days without finding new employers to sponsor them.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button