TCS, Infosys Face Billions in Costs as $100K H-1B Visa Fee Threatens Demand

• Donald Trump's proposed $100,000 H-1B visa fee is expected to heavily impact IT outsourcing and staffing industries.
• Major Indian IT firms like TCS, Infosys, and Cognizant, which are significant H-1B visa users, will be most affected.
• Infosys alone could have faced over $1 billion in increased costs for H-1B visas for hires between May 2020 and May 2024.
• The new fee is projected to cause a sharp decline in H-1B visa demand and affect overseas worker placement.
• The H-1B program has long been a primary career path for foreign workers in the US.

Why It Matters: Donald Trump's H-1B fee hike will severely impact Indian IT giants like TCS and Infosys.