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President Trump signed a proclamation Friday requiring employers to pay a hefty $100,000 fee for new H-1B visa applications—an enormous jump from the current $215 lottery…

Decision could be major blow to tech industry, but commerce secretary says ‘all of the big companies are on board’

The announcement to impose a $100,000 annual fee on H-1B visas sent shockwaves through corporate America.

Microsoft Corp., Alphabet Inc., Amazon.com Inc. and other tech companies sent messages to affected employees telling them to return to the US on Saturday.

"This is NOT an annual fee," White House press secretary Karoline Leavitt said. "It’s a one-time fee that applies only to the petition."

"This is NOT an annual fee," White House press secretary Karoline Leavitt said. "It’s a one-time fee that applies only to the petition."

The United States awards 85,000 H-1B visas per year on a lottery system, with India accounting for around three-quarters of the recipients.

India may adapt, but the US risks losing skilled workers who have helped build the Silicon Valley and hospitals.

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OpenAI's hardware, X.AI's fundraising, Murdochs and TikTok, Intel's former directors float a plan, Elon and Trump reunite, a Bumble biopic, Zuck ponders bubble in the latest…

President Trump’s sudden policy shift sent tech firms scrambling to get immigrant workers back to the US and avoid $100,000 fees.

Other tech leaders, like Elon Musk, have said they will ‘go to war’ to defend the program.

When Trump’s announcement came, it didn’t give companies or lawyers any time to prepare. “It was timed to create pandemonium,” said a New York–based immigration lawyer.

This is a short-term thing, the ARK Invest CEO said, adding that it's definitely a "punishment" for India. "Productivity is one of the most potent anti-inflationary forces."

Companies like Amazon, Google, and Microsoft rely on skilled foreign workers. Experts say they’ll pay for the best — but the policy could redirect top talent elsewhere.

“What actually is the process for paying this $100,000?” said lawer Leon Rodriguez, former Obama official. "At this point, we don’t actually know.''

Every time new H1-B restrictions appear, jobs go to Canada.

European tech founders are ready to strike and hoover up disillusioned tech talent seeking more security than the US offers.

Microsoft taps Anthropic, OpenAI's energy, AI browsers, Bill Gates on foreign aid, GV's Omaha man, Swarovski's CIO, AI software testing in the latest edition of Fortune's flagship…