Hey there, and say goodbye to the old Instagram feed! Instagram is shaking things up with a new feature that dives straight into Reels upon opening.
Shifting gears to the tech realm, OpenAI's Sam Altman recently paid a visit to our parent company's Axel Springer headquarters in Berlin, engaging in discussions with the quantum computing pioneer. Exciting stuff!
Now, let's delve into the headline story – the ripple effect of President Donald Trump's latest H-1B visa fee hike on key sectors like Big Tech, startups, consulting, and Wall Street.
What's in Store:
The Landscape of Visas
President Donald Trump's recent move to increase H-1B visa fees sent shockwaves through the business world. The implications are starting to unfold.
Impact Assessment on Industries
Big Tech: Tech behemoths heavily utilize H-1B visas, but the fee hike might not dent their budgets significantly.
- An extra $100,000 may not faze trillion-dollar companies, acting more as a barrier for smaller rivals.
- However, the cumulative effect could lead to substantial costs for major sponsors.
Startups: Smaller startups lacking financial muscle may struggle in the talent acquisition race.
- Paying the fee is feasible for top-tier talent, impacting the influx of younger professionals in startups.
Consulting: Consultants face added challenges, potentially driving talent competition higher.
- Establishing offshore hubs could be a workaround to mitigate visa obstacles.
Wall Street: Financial institutions, while not as affected as Big Tech, will feel the visa fee pinch.
- Most H-1B roles in finance focus on tech, impacting areas like junior banker recruitment.
As the dust settles on Trump's visa fee hike, industries are bracing for a reshuffle. Stay tuned for more updates on how this move will shape the professional landscape!
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By: ddefrancesco@businessinsider.com (Dan DeFrancesco)
Title: Trump’s H-1B Visa Fee Impact: Unpacking the $100K Cost and Industry Ramifications
Sourced From: www.businessinsider.com/visa-trump-wall-street-consulting-tech-startups-immigration-2025-9
Published Date: Thu, 25 Sep 2025 14:20:12 +0000
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