Immigration Bill to hurt Indian firms despite US hiring spree

The US immigration Bill, which could disrupt the traditional business models of Indian information technology (IT) companies such as Tata Consultancy Services Ltd (TCS) and Infosys Ltd, ironically favours firms that created fewer jobs in the US in the past decade than their Indian rivals, according to JPMorgan India Pvt. Ltd, Mint reported.

Armonk, New York-based International Business Machines Corp. (IBM), the world’s biggest technology services company, has reduced its US headcount by nearly a third over the last six years, from 127,000 in 2006 to about 91,000 in 2012, according to the report.

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