Articles Posted in H-1B FY 2024

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In this video, attorney Jacob Sapochnick discusses the recent collapse of the Silicon Valley Bank, and its repercussions on the startup world and foreign tech workers. The Silicon Valley Bank’s collapse is cited as the largest bank failure since the 2008 financial crisis. The bank was once responsible for managing billions of dollars in client funds and loans. What will be the ripple effect of its collapse on immigrant and non-immigrant tech workers on visas?

Keep on watching to find out more.

Overview

Silicon Valley Bank, an institution that once lent billions of dollars in funding to tech startups has collapsed. Its deep relationships within the startup community have left both immigrant and non-immigrant workers vulnerable, as they scramble to find stable ground. The impact of its collapse has been widespread. Hundreds of startups relied on the funding provided by SVB to maintain their operations and keep immigrant and non-immigrant visa workers on payroll. Additionally, SVB itself employed dozens of foreign tech workers.

When news broke of the bank’s collapse, many startups withdrew their funds from the bank and began to question the security of the banking system as a whole. SVB’s collapse may be a signal that something worse is on the horizon, which may lead tech companies to freeze hiring and potentially lay off workers many of which are in the United States on visas.

As a foreign worker, losing a job is not just losing a paycheck. It means your legal status in the United States could ultimately be put in jeopardy. Workers who have been laid off will be forced to find a new employer within 60 days, or risk having to depart the United States.

In recent months, we began to see massive layoffs throughout Silicon Valley including those at Twitter, Meta, Facebook, and Google. Now the bank’s collapse could set in motion an extensive hiring freeze and a shrinking workforce in the months ahead. This is surely unwelcome news for tech workers currently in the United States on H-1B visas. The climate of uncertainty and panic caused by the bank’s collapse, could leave employers with cold feet when it comes to sponsoring workers for employment-based green cards.

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In this video, attorney Jacob Sapochnick tells you everything you need to know about the H-1B visa cap season for fiscal year 2024. We have been receiving questions from our followers regarding the application process and upcoming deadlines that applicants should be aware of.

In this post, we cover what the H-1B visa program is, why there is an annual cap on the number of H-1B visas available each year, and everything you need to know about the H-1B visa application process in 2023.

Overview

What is the H-1B Visa Program?

The H-1B visa is a nonimmigrant work visa that allows U.S. employers to hire foreign workers with specialized skills to work in the United States for a specific period of time. Generally, the job being offered by the U.S. employer must (1) require a bachelor’s degree or its equivalent (2) the degree should be common to the industry (3) and the duties required should be so specialized or complex that the knowledge required to perform them is usually associated with the attainment of a bachelor’s or its equivalent.

Professionals with job offers in the STEM fields (science, technology, engineering, and math) are the most common applicants for H-1B visas, although other fields may also qualify for the H-1B visa, such as finance, architecture, accounting, health, education, social sciences, physical sciences, medicine, among others.

Professionals who do not possess a bachelor’s degree or higher, but have at least 12 years of relevant experience, may still qualify for the H-1B visa without having a bachelor’s degree.

Once approved, an H-1B visa is valid for an initial period of 3 years and can be extended for an additional 3 years for a maximum period of 6 years in H-1B visa status. Thereafter, employers may sponsor workers for a green card.

Why is there a numerical cap on H-1B visas?

One of the drawbacks of the H-1B visa is that there is an annual numerical limit (cap) to the number of visas that can be issued each year. The annual cap for the H-1B visa program which has been set by Congress is 65,000 visas each fiscal year. An additional 20,000 petitions are set aside for beneficiaries with a master’s degree or higher from a U.S. institution of higher education.

H-1B workers who are petitioned for or employed at an institution of higher education or its affiliated or related nonprofit entities, a nonprofit research organization, or a government research organization, are not subject to the H-1B numerical cap.

In order to select enough petitions to meet the H-1B numerical cap of 85,000 visas per fiscal year, the United States Citizenship and Immigration Services (USCIS) conducts a visa lottery, selecting from properly submitted electronic registrations to fill the cap.

Historically, competition for the H-1B visa is very strong. As an example, in FY 2022 U.S. employers submitted roughly 308,613 H-1B registrations, and by 2023 this figure increased to 483,927 registrations.

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In this video attorney Jacob Sapochnick discusses how Google layoffs are impacting foreign workers in the United States going through the employment-based green card process known as PERM. Layoffs in Silicon Valley have been more and more common, with major tech companies like Amazon, Facebook, and Twitter abruptly ending thousands of jobs, leaving workers scrambling for alternatives.

Specifically, what happens when a foreign worker is going through the employment-based green card process with their U.S. employer and subsequently gets laid off?

In this video we discuss the different scenarios that may apply and go over the different options for laid off workers going through the green card process.

If you want to know more just keep on watching.

Did you know? PERM Labor Certification is the process used for obtaining Labor Certification and is the first step for certain foreign nationals in obtaining an employment-based immigrant visa (Green Card). The employment-based preference categories that require PERM Labor Certification are EB-2 (other than a National Interest Waiver) and EB-3. Before a U.S. employer can file the I-140 Immigrant Petition for Alien Worker with USCIS, the employer must first obtain an approved Labor Certification from the Department of Labor (DOL).

Overview

What are the immigration options for those whose employment has been terminated?

Unfortunately, the uncertain economic climate has led to the loss of thousands of jobs, negatively impacting foreign workers. In particular H-1B workers have been some of the most affected.

Below we discuss some of the options that may be available to nonimmigrant workers who have been terminated and wish to remain in the United States following their termination. Additionally, we discuss how some workers can preserve their I-140 petition’s priority date or even their green card process depending on the stage of employment termination.

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In this video attorney Jacob Sapochnick discusses a very hot topic in the world of immigration—the H-1B visa lottery program. Learn how you can increase your chances of winning the H-1B visa lottery for the fiscal year 2024 cap in this video.

Recently, the U.S. Citizenship and Immigration Services (USCIS) announced that the initial registration period for the FY 2024 H-1B cap will open starting at noon Eastern time on March 1st and close noon Eastern time on March 17th.

The H-1B season is always an exciting time that gives you the chance of being selected in the lottery and the opportunity to live and work in the United States.

If you want to know more just keep on watching.

Did you know? The H-1B visa is a non-immigrant work visa that allows U.S. employers to hire foreign workers for specialty occupations requiring a bachelor’s degree or its equivalent. The most common occupations for the H-1B visa are the STEM occupations. Every fiscal year, USCIS is limited to a congressionally mandated visa quota of 65,000 cap-subject H-1B visas. Separately, 20,000 H-1B visas are available for foreign nationals who hold a master’s or other advanced degree from a US institution of higher education (cap-exempt).

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