What Trump's $100,000 H-1B visa fee means for tech companies

Insider

Trump's Friday order requires companies to pay $100,000 per H-1B visa worker, shaking Silicon Valley and corporate America. The tech industry has long relied on these visas for specialized talent.

Transcript

00:00A new directive from the Trump administration could change the way tech companies hire

00:04international talent. The administration issued an executive order on Friday that said tech

00:10companies have to pay $100,000 per H-1B visa worker. The order was very vague. There was a

00:17lot of confusion that seemed very unnecessary and caused a lot of havoc for tech workers in the U.S.

00:23And then the White House press secretary clarified on Saturday that this actually only applied to

00:28new applicants and also that this would only be a one-time $100,000 fee. The H-1B program is

00:35supposed to be for very specialized workers. It's supposed to be if a company cannot find anyone

00:40in the U.S. to fill that role, then they use this program to bring in people from other countries.

00:46The White House argument was that the H-1B program has strayed from its original mission of bringing

00:51in highly skilled workers and is being abused by some firms. The most prominent voice to come out

00:57in favor of what the White House is doing is Netflix co-founder Reed Hastings. It's surprising

01:02because he's actually one of the few democratic tech

01:05have a couple of them. As kind of quickly related to the H-1B

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