H1-B applications from top financial firms drops 10% in Q1FY26 amid Trump's visa policy — What we know

What Happened

H-1B visa petitions from US financial companies dropped 10% in Q1FY26 compared to the previous year, according to Business Insider. The decline follows Trump administration policy changes that increased application fees to $100,000 and implemented stricter vetting procedures. Goldman Sachs and JPMorgan reduced filings significantly. Most major tech companies, except Nvidia, also decreased applications. The Department of Labor data shows certified H-1B filings declined, with top 20 filers reducing submissions by 25% year-over-year.

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