DHS Recycles 14,500 H-1B Visas for Fortune 500 Employers

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Article date: 
16 August 2020
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National News
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The Department of Homeland Security is recycling 14,500 unused H-1B visas to employers after worried companies declined to accept the work visas they had won in the annual lottery.
The redistributed visas will be used to import foreign workers to fill the Fortune 500 jobs that will appear when the economy recovers, said Kevin Lynn, founder of U.S. Tech Workers, a group of white-collar professionals who oppose the Fortune 500’s visa workers programs that damage their careers.
Those jobs are needed by the hundreds of thousands of skilled young Americans who are graduating this year and by the hundreds of thousands of American professionals who have lost their jobs in the coronavirus crash, he said...
In April of each year, companies enter an annual lottery for 85,000 H-1B visas. The lottery allows new H-1B workers to arrive each October, so joining a growing population of at least 600,000 resident H-1B workers, many of whom are working as powerless gig-workers for subcontractors in Fortune 500 companies. Non-profits — including hospitals, research centers, and universities — can import as many H-1Bs as they wish....