In December, Elon Musk called for more temporary foreign workers under the H-1B visa program, which is fueling a debate among Republican voters.
For decades, tech companies have relied significantly on high-skilled tech workers under this program.
This graphic shows the top companies by number of approved H-1B beneficiaries, based on data from theĀ U.S. Citizenship and Immigration Services.
Big Tech Rules the Pack
As the table below shows, more than half of all H-1B visa beneficiaries in 2024 were seen among the leading petitioning companies in 2024, largely focused in the tech sector:
| Rank | Company | Number of H-1B Visa Beneficiaries Approved in 2024 |
|---|---|---|
| 1 | Amazon | 9,265 |
| 2 | Infosys | 8,140 |
| 3 | Cognizant | 6,321 |
| 4 | 5,364 | |
| 5 | Tata Consultancy Services | 5,274 |
| 6 | Meta Platforms | 4,844 |
| 7 | Microsoft | 4,725 |
| 8 | Apple | 3,873 |
| Total | 47,806 |
Data as of September 30, 2024.
For the past five years,Ā AmazonĀ has been the top company by number of approved H-1B visas, mainly consisting of engineers and tech jobs.
Today, many big tech firms have significant resources to hire lawyers which aid in the application process. This often gives them an advantage in the lottery system, which grants visas that are typically oversubscribed past the annual cap. In fact, many major tech companies will apply for more than they need.
Ranking in second isĀ Infosys, a multinational IT outsourcing firm based in India. Like Infosys, India-basedĀ Tata Consultancy ServicesĀ relies on the H-1B visa program. In 2024, it generated more than 50% of its revenues in North America, its largest market.
While tech companies tend to apply for higher-paying roles, IT outsourcing firms typically submit applications for less-senior positions. For instance, the median H-1B salary atĀ MicrosoftĀ is $160,000 in contrast with $82,000 at Tata Consultancy Services in 2024.
Overall, the H-1B visa program has been shown to have a multitude of benefits. Big companies utilizing H-1Bs have been shown to haveĀ higher revenue, enhanced innovation, and longer survival rates. Going further, it has driven more U.S. patents and higher productivity across the U.S. economy.
