"H-1B applications fell sharply in the tech industry during the same time period, with all major firms Business Insider analyzed seeing reductions except for Nvidia."
"The largest percentage decrease in the quarter came from Goldman Sachs, seeing a more than 60% drop from 256 filings to 101."
"JPMorgan Chase saw the biggest drop in filings, from 724 certified applications from October through December 2024 to 516 a year later, a nearly 29% decrease."
H-1B visa filings at major financial firms like Goldman Sachs and JPMorgan fell last year, while Citi increased its petitions. The Department of Labor data indicates a 10% decrease in certified H-1B applications among top financial firms in the first quarter of fiscal year 2026. JPMorgan experienced a nearly 29% drop, while Goldman Sachs saw over a 60% decrease. The reductions reflect the impact of President Trump's changes to the work visa program, which made applications more expensive and affected hiring strategies in the financial sector.
Read at www.businessinsider.com
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