Trump's steep H-1B visa fee to hit TCS, Infy hard

US PRESIDENT DONALD Trump’s $100,000 price tag for new H-1B workers hired from outside the US will have punishing effects for the IT outsourcing and staffing industries that have long been a target of both parties.

- ANDREW KREIGHBAUM & ERIC FAN

The fee is the biggest restriction the Trump administration has imposed so far on employment of skilled foreign workers.

A Bloomberg News analysis found it will have a disproportionate impact on multinational staffing firms that act as middlemen for companies seeking H-1B workers. Those middlemen include Tata Consultancy Services, Infosys, and Cognizant.