9,356 H-1B petitions approved in 2016, which represent only 0.006% of US labor force.
According to a new report that comes amid the Trump administration’s crackdown on the ‘visa abuse’, states that the Top seven India-based IT companies in the US collectively witnessed a massive drop of 37% in approved H-1B visa petitions in 2016 as compared to the previous year.
The companies saw a fall of 5,436 approved petitions which comes to 37 per cent in 2016 as compared to the previous year, said a report by the National Foundation for American Policy, a Washington-based non-profit think-tank.
The noticing thing is that for the top seven India-based companies approved in fiscal 2016 there were only 9,356 new H-1B petitions which represent only 0.006 per cent of the total US labor force.
The National Foundation for American Policy said in a statement after releasing the report, “While the threat of job loss has long been exaggerated by critics, it reaches illogical figures when mentioning workers in an economy fewer than 10,000 that employs 160 million workers nationwide”.
The report comes after US President Donald Trump signed an executive order in April for tightening the rules of the H-1B visa programme to stop ‘visa abuses.’ The administration is going to enforce ‘Hire American’ rules that are designed to protect jobs and wages of workers in the US, Trump said. The executive order also called upon the Departments of Labor, Justice, Homeland Security, and the state to take action against fraud and abuse of the US’ visa programmes.
The new approved H-1B petitions number For Wipro declined by 52 per cent from FY 2015 to FY 2016, from 3,079 to 1,474, a fall of 1,605, for Tata Consultancy Services (TCS) the petitions declined by 56 per cent between FY 2015 and FY 2016, a fall of 2,634, going from 4,674 to 2,040 approved petitions for initial employment during those years, according to the report.