SoftBank posts ¥1.1 trillion quarterly loss after US data center setback
The Japanese technology investor recorded a $3.7 billion loss tied to equipment spending for revised AI infrastructure projects.
IBM ends US immigration sponsorship for most consulting roles
IBM Consulting employs more than 150,000 people. The company cited changes in available skills and client needs for its decision.
IBM said on November 10 that most positions in its IBM Consulting business would no longer qualify for company sponsorship of US visas or green cards. The consulting arm employs more than 150,000 people.
A company spokesperson said changing client requirements and the availability of skills prompted the decision. IBM Consulting has relied on US visa programs for highly skilled workers to fill skills gaps, but its use of those programs has declined for years, the spokesperson said.
Affected employees can continue working for IBM outside the United States or depart by year-end, according to a media report citing a company document.
The change comes as Donald Trump's administration scrutinizes foreign technology hiring. It suspended Microsoft, Adobe, Cognizant, Infosys and Tata Consultancy Services, among others, from the Permanent Labor Certification process, a key stage in obtaining green cards for foreign employees.
The White House has also announced a $100,000 one-time charge for new H-1B petitions.