Don't panic: H-1B visas will cost companies $100K only for new petitions

However, the changes could lead to more offshoring
In a surprise announcement on Friday, President Trump issued a proclamation on the H-1B visas many tech companies use to import qualified foreign workers. The headlines mentioning a $100,000 fee caused panic among many visa holders, leading the White House to issue a clarification: Only new applicants will cost their companies this exorbitant price.…