Stimulus Restriction on H-1B Visas Causes Indian Firms in U.S. to Hire More Americans
Wall Street Journal says that the large outsourcing firms Infosys Technologies and Wipro are looking to hire Americans so they can remain competitive if the ability to hire foreign workers tightens.
The recently passed economic stimulus package restricted banks that received stimulus funds from hiring foreign workers, and that got the attention of the Indian companies.
"[It] set the alarm bells ringing," said Pratik Kumar, head of brand communication for Wipro, in the WSJ article. "This is a precursor to what is going to be the prevailing mood."
In 2007, Infosys and Wipro received more than 7,100 H-1B visas making them the largest visa holders in the world. India receives 34 percent of U.S. H-1Bs.
Wipro has announced that it will begin recruiting workers from Atlanta area campuses, looking to hire 500 students in the next two years. It would be their first recruitment on a U.S. campus. Infosys has already hired 600 workers from college campuses and will look at workers laid off by Microsoft.
More information can be found at the Wall Street Journal.
With rising unemployment figures in the United States and the possibility of more legislation similar to the H-1B restrictions added into the economic stimulus package, Indian outsourcing firms are looking to hire Americans for U.S.-based Indian companies. A report in the The recently passed economic stimulus package restricted banks that received stimulus funds from hiring foreign workers, and that got the attention of the Indian companies.
"[It] set the alarm bells ringing," said Pratik Kumar, head of brand communication for Wipro, in the WSJ article. "This is a precursor to what is going to be the prevailing mood."
In 2007, Infosys and Wipro received more than 7,100 H-1B visas making them the largest visa holders in the world. India receives 34 percent of U.S. H-1Bs.
Wipro has announced that it will begin recruiting workers from Atlanta area campuses, looking to hire 500 students in the next two years. It would be their first recruitment on a U.S. campus. Infosys has already hired 600 workers from college campuses and will look at workers laid off by Microsoft.
More information can be found at the Wall Street Journal.