Microsoft defends H-1B hiring after Vance’s crackdown, says 80% of visa filings were for existing employees
MeridStreet AI summaryMicrosoft has defended its use of the H-1B visa programme after being suspended from a federal programme that allows companies to seek green cards for skilled foreign workers. The company claims that 80% of its visa filings were for existing employees, suggesting that it is not relying heavily on the programme to hire new workers. This move is significant for the tech industry, as it may indicate that companies are increasingly using the H-1B programme to retain and promote existing talent rather than solely to hire new workers.
Read the source report: Moneycontrol →
Why it matters
Microsoft is defending its H-1B hiring practices after a crackdown by US Vice President JD Vance. The company says 80% of its visa filings were for existing employees, which could help to alleviate concerns about the impact of the crackdown on its business.
Market impact
Markets & countries in focus
Transmission channels
Likely winners & losers
Winners
- Technology stocks
- US equities
Under pressure
- Immigration services
- Visa processing companies
Explore the intelligence
MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Moneycontrol. For information only — not financial advice.