Goldman Sachs has issued an advisory to its employees holding H-1B visas, acknowledging the uncertainty created by the recent US policy shift. The guidance follows President Donald Trump’s order mandating companies to pay $100,000 annually for each foreign worker on an H-1B visa.
The bank told affected staff to remain in the United States and avoid international travel until further clarity is available. Goldman Sachs asked its H-1B employees to stay in touch with Fragomen, a global immigration law firm, for individual case support.
ALSO READ: Google sends urgent memo to H-1B visa holders abroad to return before $100K fee rule
In a message to workers, Goldman Sachs said: “Again, we acknowledge that this is an uncertain time for our people on H-1B visas and your families. HCM and Legal teams are working with Fragomen to review the specifics of the order as more detail becomes available to communicate with you accordingly.”
The bank added that employees should review updates shared by Fragomen and copy the HCM Americas Immigration team in their queries.
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ALSO READ: Amazon advises H-1B, H-4 workers to return to US ASAP to avoid Trump's $100,000 fee diktat
Other leading employers, including Google, Microsoft, Amazon, and JPMorgan Chase, have issued similar directives to their H-1B and H-4 staff. These companies have urged employees abroad to return before the new rule takes effect and cautioned against overseas travel.
The $100,000 fee is expected to disproportionately affect Indian professionals, who account for a majority of H-1B visa recipients. Analysts say the measure could impact Indian IT service firms such as Infosys, Wipro, and TCS, which send large numbers of skilled workers to the US.
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The bank told affected staff to remain in the United States and avoid international travel until further clarity is available. Goldman Sachs asked its H-1B employees to stay in touch with Fragomen, a global immigration law firm, for individual case support.
ALSO READ: Google sends urgent memo to H-1B visa holders abroad to return before $100K fee rule
In a message to workers, Goldman Sachs said: “Again, we acknowledge that this is an uncertain time for our people on H-1B visas and your families. HCM and Legal teams are working with Fragomen to review the specifics of the order as more detail becomes available to communicate with you accordingly.”
The bank added that employees should review updates shared by Fragomen and copy the HCM Americas Immigration team in their queries.
(Join our ETNRI WhatsApp channel for all the latest updates)
ALSO READ: Amazon advises H-1B, H-4 workers to return to US ASAP to avoid Trump's $100,000 fee diktat
Other leading employers, including Google, Microsoft, Amazon, and JPMorgan Chase, have issued similar directives to their H-1B and H-4 staff. These companies have urged employees abroad to return before the new rule takes effect and cautioned against overseas travel.
The $100,000 fee is expected to disproportionately affect Indian professionals, who account for a majority of H-1B visa recipients. Analysts say the measure could impact Indian IT service firms such as Infosys, Wipro, and TCS, which send large numbers of skilled workers to the US.
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