Despite large tech companies downsizing, the demand for top talent among startups, especially in AI, persists vigorously. Many startups, including OpenAI and Anthropic, leverage the H-1B visa program to attract skilled foreign workers crucial for their growth. The process involves sponsoring visas, allowing workers to stay in the U.S. for up to six years through a competitive lottery system with limited availability. Challenges such as exceeding demand and ongoing immigration reform discussions complicate this effort. Rankings of startups based on H-1B filings for the 2024 fiscal year illustrate the intense competition for these vital resources.
Even as Silicon Valley giants cut jobs like a hot knife through butter, the competition among startups for the best global talent remains as fierce as ever.
For a startup to hire a foreign worker, it sponsors their petition for an H-1B visa, which lets them work in the US for up to six years.
Startups continue to recruit talent abroad through this Rube Goldberg system to gain a competitive edge.
Data from the Department of Labor and US Citizenship and Immigration Services reveals a ranking of startups based on H-1B requests during the 2024 fiscal year.
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