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H1B overhaul: IT Cos see costs rise, dearth of skilled workers
Updated On: 01 February, 2017 08:01 AM IST | | Agencies
<p>A US legislation that proposes doubling of the minimum wages of H-1B visa, sent IT stocks plunging on fears that headcount expenses will go up hitting the sector's profitability</p>
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People protest US President Donald Trumpu00c3u00a2u00c2u0080u00c2u0099s travel ban at the Bradley International Terminal at LA. Pic/AFP
People protest US President Donald Trump’s travel ban at the Bradley International Terminal at LA. Pic/AFP
New Delhi: Indian IT firms face the risk of higher operational costs and shortage of skilled workers with the proposed overhaul of popular H-1B visa regime by American President Donald Trump, leading to a sharp slide in tech stocks and prompting India to convey its concerns to the US.
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