JP Morgan warns new H-1B visa fee may cost 5,500 jobs a month, mostly Indian talent

CHENNAI: A new analysis by JP Morgan has flagged significant risks from the US government’s decision to impose a steep fee of $100,000 on new H-1B visa applications. The report estimates that this move could result in the loss of nearly 5,500 foreign work authorisations each month, with Indian professionals likely to be the most affected.