President Donald Trump signed an executive order that changed the annual H1-B visa fee.
It looks like hiring H1-B visa workers is about to get a whole lot more expensive.
President Donald Trump signed an executive order on Friday that includes changes to the H1-B visa program, which many tech companies use to hire thousands of skilled foreign workers every year.
The order includes imposing an H1-B application fee of $100,000. The executive order said the fee would need to be paid in order for applications to be considered.
Commerce Secretary Howard Lutnick, who spoke alongside Trump in the Oval Office, said it would be a yearly fee for companies that hire H1-B workers.
