Amazon, Tesla, And US Tech Giants Among Top Beneficiaries of H-1B Visa Program in 2024: Check List Here

Amazon, Tesla, And US Tech Giants Among Top Beneficiaries of H-1B Visa Program in 2024: Check List Here

  • 24.03.2025 07:27
  • goodreturns.in
  • Keywords: H-1B Visa, US Companies

Amazon, Tesla, and major US tech firms lead H-1B visa approvals in 2024, with Amazon securing 9,265 visas. These companies depend on foreign skilled labor for specialized roles in engineering and technology.

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Estimated market influence

Amazon

Amazon

Positivesentiment_satisfied
Analyst rating: Strong buy

Amazon is a major beneficiary of the H-1B visa program, securing 9,265 approvals in 2024.

Tesla

Tesla

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Analyst rating: Neutral

Tesla has significantly benefited from the H-1B visa program, contributing to its growth and innovation.

Context

Analysis of H-1B Visa Program Impact on US Tech Companies in 2024

Overview

The H-1B visa program continues to play a critical role in shaping the workforce dynamics of major US tech companies. In 2024, Amazon, Tesla, and other leading US technology firms emerged as top beneficiaries, leveraging foreign skilled labor to maintain global competitiveness and drive innovation.

Top Beneficiaries

  • Amazon: Secured 9,265 H-1B approvals, retaining its position as the largest employer of H-1B workers.
  • Tesla: Joined the list of prominent beneficiaries alongside other tech giants like Google, Meta, Microsoft, and Apple.
  • Cognizant Technology Solutions: Ranked second with 6,321 approvals.
  • Google LLC: Received 5,364 approvals, highlighting its reliance on specialized talent.

Role of Indian IT Companies

Indian-origin IT firms remain dominant in the H-1B landscape:

  • Infosys: Led with 8,140 approvals.
  • Tata Consultancy Services (TCS): Followed closely with 5,274 approvals.
  • Other key players include HCL America (2,953), Wipro (1,634), and Tech Mahindra (1,199).

Key Statistics

  • The H-1B visa program has a yearly cap of 65,000 visas, with an additional 20,000 available for those with advanced degrees.
  • The fiscal year 2025 ceiling was reached on December 2, 2024.
  • Specialized roles in engineering, R&D, and technology are critical to the demand for H-1B workers.

Market Trends

  • US tech companies rely heavily on H-1B visas to fill highly specialized positions that are difficult to staff domestically.
  • The program supports global competitiveness by attracting top talent from around the world.

Competitive Dynamics

  • Amazon, Google, and Meta dominate the list, reflecting their scale and demand for skilled labor.
  • Indian IT companies like Infosys and TCS continue to play a pivotal role in bridging the skills gap in the US tech sector.

Regulatory Changes

  • The US Department of Labor has started deleting older H-1B records from the FLAG system after five years, impacting access to historical data for legal and employment purposes.

Long-Term Effects

  • The H-1B program is essential for sustaining economic growth and innovation in the US tech sector.
  • Changes in regulations may influence future trends, but the program remains a cornerstone of the global talent ecosystem.

Strategic Considerations

  • Companies like Walmart and Capgemini America are also leveraging H-1B visas to strengthen their workforce, indicating broader industry adoption.
  • The reliance on foreign skilled labor underscores the importance of international collaboration in driving technological advancements.