Reuters: Trump Visa Policy Draws Criticism From Tech Firms

A new visa policy from the Trump administration, proposing a one-time $100,000 fee for H-1B visas, has been met with considerable opposition from technology executives and investors, according to Reuters. Critics contend that the substantial fee will significantly increase operational costs for companies, particularly burdening startups and impeding the recruitment of top talent. The policy's disorganized announcement also drew criticism from industry leaders. Despite widespread disapproval within the technology sector, some executives have expressed support for the measure. IBM Vice Chairman Gary Cohn characterized the fee as a "good idea," suggesting it could attract employees possessing highly specialized and valuable skillsets. Netflix Chairman Reed Hastings echoed this sentiment, stating that the increased cost would ensure the visas are reserved for "very high value jobs," thereby providing greater security for visa holders.