89% companies hired foreign nationals laid off in US, finds survey

The finding of the survey indicate that many companies benefited by recruiting foreign talent that faced layoffs

Nearly 89 per cent of the companies covered under the Envoy Global survey were found to have hired one or more foreign nationals who were laid off in the US, the economic times reported. 
 

Conducted in the month of February, the 2023 immigration trends survey covered Human Resource professionals especially engaged in immigration processes in their companies. The survey claims to cover a wide variety of industries and company sizes.
 

After mass layoffs across US companies, the job market appears grim with a hiring freeze in many of these companies. This has gravely impacted those holding H1B visas as they