""I've worked on H1-B politics for 30 years. Trump's $100k per year tax is a great solution," Hastings, who was Netflix's CEO for 25 years, wrote in an X post on Sunday. "It will mean H1-B is used just for very high-value jobs, which will mean no lottery needed, and more certainty for those jobs," he added. The H-1B program allows US companies to hire foreign workers in specialized roles, particularly in tech and engineering."
"Trump signed the executive order on Friday, with the fee taking effect at 12:01 a.m. ET on Sunday. Memos sent to workers at Amazon, Microsoft, Google, Tesla, and Goldman Sachs on Friday urged H-1B and H-4 employees already in the US to stay put and advised those overseas to try to re-enter before the Sunday deadline. On Saturday afternoon, the White House clarified that the fee applies only to new H-1B petitions and not to current visa holders or renewals, and that existing H-1B workers can continue to leave and re-enter the US."
Donald Trump signed an executive order creating a $100,000 fee on new H-1B visa petitions intended to reserve the program for very high-value positions and remove the lottery. Reed Hastings endorsed the fee, saying it would focus H-1B use on top-value jobs and provide hiring certainty. Major companies issued memos advising H-1B and H-4 employees about travel and filing timing. The White House clarified the fee covers new petitions and will first apply in the next lottery cycle beginning March 2026. Big tech may absorb costs while startups warn they will be priced out of hiring talent.
Read at Business Insider
Unable to calculate read time
Collection
[
|
...
]