Global markets are reeling under the apprehension of recession and companies are on a cost-cutting mission announcing layoffs every other day. In such a scenario, the Foundation for India and Indian Diaspora Studies (FIIDS) has urged the Biden administration, US lawmakers and the United States Citizenship and Immigration Services (USCIS) to extend H1B and L1/5 grace periods.
Global tech companies’ high degree layoffs have proved brutal for majority of the high-grade tech professionals from India, who have lost their jobs. Indian immigrant tech professionals are the driving force behind the tech industry's growth and contribute greatly to the American economy in current times.
