Recent layoffs have severely impacted the global tech sector, affecting roughly 104,132 people in 352 tech companies in 2023 according to an analysis of data sourced from layoffs.fyi. Sadly, this also means that a large number of foreign employees with US visas are currently unemployed. However, the effects of losing a job while on a US visa go far beyond simply being unemployed. The unpleasant realities of losing a job while on a US visa and what to anticipate in the aftermath is a serious issue at such a time as this.
With 11,000 layoffs in 2022, Meta led the industry. Amazon and Musk‘s Twitter were among the businesses that terminated employees in 2022. Google is in the lead in 2023 with 12,000 planned layoffs. Additionally, Microsoft has stated that it will lay off 10,000 employees in the first half of 2023.
The most important details are that if you lose your job while on a US visa, you must move quickly to acquire a new position within 60days, which can be difficult in the current job market. Additionally, if you are on an L1 visa, your visa won’t be accepted if the new position does not closely resemble your current one in terms of title and skill level.
The effects of losing your work while on a US visa are severe, resulting in the loss of both of your jobs and the right to work of your spouse. Any US possessions, such as a car or a home, will need to be sold at a loss, and shipping furniture home can cost up to $40,000. Additionally, you won’t have any money to locate housing and support your family, making it difficult to provide a roof over their heads and forcing them to abandon school.
Foreign workers with US visas must be aware of their rights and obligations if they are fired while on a US visa, as they won’t be able to use social assistance for the first 60 days after leaving their job and their severance payment could not cover all of their medical expenses. Additionally, they will drop out of the running for permanent residence. It is important to take aggressive steps to find a new employment as soon as possible due to the high number of layoffs in the tech sector.
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