H-1B Applications Decrease at Goldman Sachs and JPMorgan, Increase at Citi Following Trump's Visa Restrictions

H-1B Visa Filings Decline: H-1B visa applications have decreased year-over-year, particularly among major financial firms like Goldman Sachs and JP Morgan, reflecting the impact of changes made during Trump's administration that made the application process more expensive and complex.

Shift in Hiring Trends: While some firms have reduced their H-1B filings, others, such as Citi and Barclays, have increased their applications, indicating a mixed response within the financial industry to the evolving immigration policies.

Impact of AI on Employment: Concerns are rising about the potential impact of generative AI on white-collar jobs, particularly in technical roles that are often filled by H-1B visa holders, leading companies to reconsider their sponsorship of work visas.

Future of H-1B Program: The recent changes to the H-1B program, including new fees and requirements, are expected to further influence the landscape of visa applications, with the full effects becoming clearer as more data is released.