Tech companies win small victory in H-1B push

The U.S. Department of Homeland Security has given high-tech companies a piece of good news, CNET reports: Foreign graduates of American universities won’t necessarily be forced to go home before companies have a chance to hire them on temporary work visas. The new rule, announced April 4, will allow recent graduates with science, technology, engineering, or mathematics degrees to stay in the country for 29 months, instead of the previous 12 months, if they’re participating in an off-campus, on-the-job training program related to their field of study. The "stopgap measure" appears to be directly related to persistent complaints by high-tech companies such as Microsoft, Google, and Oracle that the annual cap of H-1B temporary visas will be exhausted before they can even lodge applications for this year’s crop of graduates. To be eligible for an H-1B, which can be renewed for up to six years, you must hold at least a bachelor’s degree in your area of specialty, but most graduates won’t have diploma in hand until May or June, which visa-hungry companies fear is too late…

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