Amid the discussions about latest decision of Donald Trump's US government to revoke the work permit for spouses of H1B, an update about a huge drop in H1B visas during 2015 and 2017 finds the prominent place.
Reports claim that the Top seven Indian IT organizations seen a huge 43 percent drop in their H1B visa approvals between the years 2015 and 2017. These top seven companies received only 8468 H1B petitions approved in 2017, while the number was 14,792 in 2015, indicating a large 43 percent drop in approvals.
Based on data from USCIS, the National Foundation of American policy revealed that TCS received only 2312 H1B visas in 2017 and the number was 4674 in the year 2015, showing a 51 percent drop.
Infosys, between the years 2015 and 2017 faced a whopping 57 percent drop, that is from 2830 in 2015 to at least as 1218 last financial year. Wipro got 1210 in 2017 while the company got 3079 H1B visas in 2015.
Only Tech Mahindra is the one company that has seen a rise in a number of H1B Visa approvals, 1576 in 2015 to 2233 in 2017. The drop is H1B visas for Indian-based companies is due to the It industry is inclined towards opting in digital services like AI, Machine learning, and cloud computing, according to an analysis.
According to an analysis, both US companies and Indian-based IT services companies are more focused on sophisticated services, which naturally requires fewer employees, and thus requires relatively less H1B visas.
On the other side, Cognizant technology solutions got most H1B visa petitions approved, 3194, for the financial year 2017. The companies Infosys, Wipro, HCL America, L&T and Mindtree too saw the huge decline in 2017 from the financial year 2016. Only TCS managed to see a 13 percent and Tech Mahindra by 42 percent more petitions approved in the year 2017 than in the previous year.