News: New US H-1B visa rules to hit Cognizant, TCS the most

Campus Recruitment

New US H-1B visa rules to hit Cognizant, TCS the most

While large IT services companies are scrambling to minimise the impact of proposed overhaul of the immigration system in the world’s largest economy analysts expect Cognizant and Tata Consultancy Services to be the most affected based on factors such as their US revenue contribution and proportion of visa holders in their US workforce, an Economic Times report said.  

While large IT services companies are scrambling to minimise the impact of proposed overhaul of the immigration system in the world’s largest economy analysts expect Cognizant and Tata Consultancy Services to be the most affected based on factors such as their US revenue contribution and proportion of visa holders in their US workforce, an Economic Times report said.  

The New Jersey-based Cognizant derives 80 per cent of its revenues from the US, making it extremely vulnerable. “US revenue contribution, local proportion of US staff and company H-1B salary levels would determine the impact across companies - the impact is likely to be higher at Cognizant as 80 per cent of revenues come from the US, and TCS because of lowest local (employee) proportions,” analysts Ashwin Mehta and Pinku Pappan wrote in their client note on May 8.

“We estimate TCS and Cognizant are likely to be in the 15-30 per cent band on local proportion (of US staff) while other tier-1 companies are likely to be in the 35-40 per cent range.”

Read the full report here

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Topics: Campus Recruitment, #Updates, #Jobs

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