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COMING UP:Share Opener Variant 2

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Transcript

00:00:00
>> Don't really know.>> Donald Trump taking on outsourcing Tuesday. The US president set aside an executive order for federal agencies to help revamp the H-1B Visa program. A move to fight at his administration calls fraud and abuse in the immigration system. The H-1B program allows companies to look overseas for workers to fill high skill roles.
00:00:22
Think scientists or engineers, many of them are from India. As Reuters'
INAUDIBL
] reports from Mumbai, any H-1B changes will affect companies there hardest.>> Indian software services exporter use the H-1B programs to fly developers and engineers to the US to service clients. Although they've cut down on H1B applications as a stricter visa regime was highly anticipated under the Trump administration, the new executive order will increase the cost of doing business in the US and hit their profit margins.
00:00:51
>> Trump officials say as the system works now foreign workers are brought in at less pay to replace Americans. Data shows a majority of the visas end up awarded to outsourcing firms to fill low level IT jobs. But H1B changes would affect Silicon Valley too.>> Indian IT firms such as Star Tech Consultancy Services and Infosys will be the hardest hit.
00:01:11
But, it doesn't stop there. Tech giants such as Facebook and Microsoft use the H1B program to hire a part of their workforce, they will also be impacted.>> Tuesday's order will be the latest attempt by the President to fulfill his America first campaign pledges. As the clock ticks down to a 100 days in office, Trump has no major legislative victories to speak of.
00:01:31
Instead, he slapped down a floury of executive orders to rule out reform.