One day special offer sale...
Well, it's not strictly a sale, but *it is* a seller's market...the seller being the government! On April 7th UCSIS opened its doors for the H1-B immigrant working visa applications. One day later on April 8th, the agency closed its doors and issued a statement that said both the 65,000 H-1B cap and the 20,000 H-1Bs for advanced degree holders cap had be reached!
USCIS just split the beans...it was 92% over-subscribed having received almost 163,000 H1-B petitions! Of these, advanced degree holders sent in 31,200 application, which adds up to 56% over-subscribed. That is not good news for all the foreign students.
ChIndia? Information Week, a top IT magazine, published findings on the top 10 companies sponsoring H1-Bs for fiscal 2007 (which began on October 1st, 2006). Eight of the companies are Indian with Infosys coming in #1 (again?) with 4,559 approved visa applications - that's nearly 6% of all of the available visas! The remaining two companies are American, but still in the IT sector: Microsoft and Intel with only a combined 1,328 visa petitions approved.In total, the top 10 companies had 15% of all the available H-1B visa petitions approved. For the full story at Information Week, click here.
Happy Labor Day people!
Labels: H1-B, Immigration
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