H-1B visas: Approvals for Indian IT firms half since 2015! Elon Musk’s Tesla shows significant increase – Newz9

H-1B visa approvals: Indian-based IT firms skilled a significant decline in H-1B visa approvalswith seven main corporations receiving 7,299 petitions for new employment in fiscal 12 months 2024, in comparison with 14,792 in FY2015, as revealed by the National Foundation for American Policy’s evaluation of US knowledge.
The authorised petitions constituted 5.2% of whole approvals and 0.004% of the US civilian workforce. FY24 witnessed low H-1B denial charges at 2.5%, displaying a slight discount from 3.5% in FY23.
According to an ET report, the evaluation suggests potential will increase in denial charges if Trump’s administration implements stricter insurance policies.

H-1B petitions

Amazon led with 3,871 authorised preliminary employment petitions in FY24, adopted by Cognizant (2,837), Infosys (2,504), TCS (1,452), IBM (1,348), Microsoft (1,264), HCL America (1,248), Google (1,058), Capgemini (1,041) and Meta Platforms (920).
Tesla demonstrated notable development in H-1B approvals, reaching sixteenth place in FY24 with 742 approvals, considerably greater than its earlier figures of 328 in FY2023 and 337 in FY2022.
The firm sought H-1B visa holders for numerous positions in engineering, software program, provide administration and different specialised roles.

H-1B visas: Big Tech Companies

The United States maintains an annual cap of 65,000 H-1B visas, plus 20,000 for international nationals holding superior levels from US universities.
Professional, scientific and technical companies dominated FY2024 approvals at 49.1%, adopted by academic companies (11.9%), manufacturing (9.3%), and well being care and social help (6.5%).