Jamie Dimon: JPMorgan actively working with stakeholders and officials following Trump’s H-1B visa announcement

Jamie Dimon: JPMorgan actively working with stakeholders and officials following Trump’s H-1B visa announcement

In response to President Donald Trump's recent order increasing the H-1B visa fee to $100,000, several major tech companies, including JPMorgan, Microsoft, and Amazon, have issued warnings to their H-1B visa holders to stay in the US. The new rule, effective from September 21, 2025, has sparked panic and confusion among tech workers and employers alike.

JPMorgan, under the guidance of Jamie Dimon, has been actively working with stakeholders and officials to navigate the implications of the new fee. The bank has advised its H-1B visa holders to remain in the US until further notice, citing potential complications with re-entry if they travel abroad. The company has also begun tracking employees outside the country to assist with travel arrangements .

Microsoft and Amazon have issued similar warnings. Microsoft's internal advisory recommended that H-1B visa holders in the US stay indefinitely, while those abroad were strongly advised to return before the deadline. Amazon also advised its employees to avoid international travel until the government provides clear guidance .

The new fee, which will last for 12 months unless extended, could significantly raise costs for employers relying on skilled workers from India and China. The proclamation cited examples of companies laying off American staff while securing large numbers of H-1B workers, arguing that the system has been manipulated to the detriment of American workers .

Legal challenges are also underway. Immigration lawyers have advised clients to remain in the US until further notice, and legal experts have questioned the legality of the new fee, arguing that only Congress can authorize such charges. Aaron Reichlin-Melnick, policy director of the American Immigration Council, and Charles Kuck, founding partner at Kuck Baxter Immigration, have both expressed skepticism about the new rule .

The impact of the new fee on H-1B hiring trends remains to be seen. However, it is clear that the tech industry's heavy reliance on H-1B visas has been a contentious issue for years. In fiscal year 2025, Amazon led with 10,044 approvals, followed by TCS, Microsoft, and other major tech firms .