Amid Trump’s H-1B visa fee shock, Silicon Valley hiring in turmoil as companies eye offshoring

The Trump administration’s hefty $100,000 fee, which applies to new H-1B visa applicants, has stirred high-level talks in Silicon Valley and beyond, as the sharp jump from just a few thousand dollars triggered panic.

However, the fee hike, which was intended to protect American jobs, is having the opposite effect. Some companies are now considering moving more jobs overseas to offset the impact.