Pretty much. All this did is now create a thousand talents program for India.
H1B visa abuse by consultancies and mass recruiters is a real issue, but this now incentivized companies like Google, Meta, Microsoft, Pfizer, Cheveron etc to expand their Indian offices.
Edit: can't reply
> Was there any reason for them not to? It's cheaper than H1B anyways.
Spending an additional $10-15k in visa filing fees isn't that big of a deal for an employer who's already paying around 25-35% in withholding and benefits, but at $100K that makes it enough that if you needed to sponsor 10 people on an H1B, you now hit the monetary amount to avail GCC tax rebates and subsidies in most of Eastern Europe and India, where they will give you an additional $10-20k in tax credits and subsidies per head.
Basically, opening a new office abroad just to save on $10-15k of filing fees per employees wasn't worth it, but now that it'll be $100k per employee, the math just shifted.
> Why is this parasitic organization allowed to incorporate?
VC now, not a director anymore. But help me find a new grad with 3-4 years of exploit development and OS internals experience in the US. I can't.
On the other hand, I can in Tel Aviv. There's a reason the entire cybersecurity industry has shifted outside the US.
Large sectors of the US tech scene just lack ANY domestic know-how.