H1B visa: US tech giants like Amazon, Microsoft among top 10 employers for approved H-1B petitions

By: |
Washington | April 27, 2018 5:35 PM

Four out of the six high-profile US tech companies were among the top 10 employers for approved H-1B petitions for initial employment in fiscal 2017, a US think-tank has said in its latest report, reflecting the strong demand for high-skilled talent in the US economy.

H1B visa, amazon, microsoft, H1B petition, H1B visa news, latest news onH1B visa, US companiesAccording to the report, Amazon had the second most number of H-1B petitions approved for initial employment in FY 2017, with an increase from 1,416 in FY 2016 to 2,515 in FY 2017. (Reuters)

Four out of the six high-profile US tech companies were among the top 10 employers for approved H-1B petitions for initial employment in fiscal 2017, a US think-tank has said in its latest report, reflecting the strong demand for high-skilled talent in the US economy. The National Foundation for American Policy in its latest report on work visa popular among Indian IT workers said four of six high-profile US tech companies – Amazon (2,515), Microsoft (1,479), Intel (1,230), and Google (1,213) – were among the top 10 employers for approved H-1B petitions for initial employment in FY 2017,
Facebook, with 720 new H-1B initial petitions approved in FY 2017, an increase of 248, or 53 per cent, and Apple, with 673, a 7 per cent increase, were 14th and 15th on the list.

According to the report, Amazon had the second most number of H-1B petitions approved for initial employment in FY 2017, with an increase from 1,416 in FY 2016 to 2,515 in FY 2017. Amazon’s use of H-1Bs reflects its increased growth in the US, particularly in research and development. Also, the top H-1B employers among high-profile tech companies match up with the US companies that spend the most on research and development.

In 2017, Amazon spent almost USD 23 billion on R&D, followed by Alphabet (Google) with USD 16.6 billion, Intel with USD 13.1 billion, Microsoft with USD 12.3 billion, Apple with USD 11.6 billion and Facebook with USD 7.8 billion. Research and development is important to a country’s economic growth. It is possible some of the larger tech companies had more success gaining approvals with fewer overall applications submitted for the fiscal 2018 H-1B cap (and subsequent random selection once USCIS received more applications than the annual limit), the report said.

Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, Check out latest IPO News, Best Performing IPOs, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.

Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.

Next Stories
1Offices 2.0 await employees this year; companies prefer adopting hybrid work model
2Spectrum auctions may be a no-show: Telcos expected to do minimum buying, leaving about 60% spectrum unsold
3Indian smartphones back in the game: Brands like Micromax, Lava ring loud again