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Microsoft seeks 6,000 worker visas amid mass layoffs

Microsoft seeks 6,000 worker visas amid mass layoffs

Daily Mail​14 hours ago
Microsoft applied for as many as 6,000 specialized migrant worker visas leading up to a decision to terminate 9,000 jobs globally, according to new reports. The global tech giant revealed this week it would cut around 4 percent of its global workforce as it ramps up investments in artificial intelligence.
The move has seen loyal, long term American employees lose their livelihoods and sparked unrest at a time when President Donald Trump is trying to ramp up local production and employment. But data compiled by U.S. Citizenship and Immigration Service suggests that in the 2025 fiscal year, Microsoft has already applied for 4,712 H1-B visas. Anecdotal commentary on X among former staff and insiders actually places this number closer to 6,000 - but the exact figure has not been verified.
But the visa is often tied to a specific role at a specific company, meaning an employee's right to live in the United States is tied to their employment and, theoretically, making it less likely that they will quit their jobs.
Once their role is terminated, they often have to leave the United States. 'In some sense, there's nothing strange here,' Steven Camarota, director of research at the Center for Immigration Studies, told Newsweek. 'You have a situation where the advocacy or use of guest worker programs is entirely always disconnected from the actual behavior of businesses. 'The actual data we have never supports the idea that we are terribly short of workers in the way that the business community says.'
The tech giant will slash around 9,000 jobs across different teams, geographies and levels of experience, the company said on Wednesday. 'We continue to implement organizational changes necessary to best position the company and teams for success in a dynamic marketplace,' Microsoft said in a statement. It is the fourth round of layoffs at Microsoft this year following the cutting of 1 percent of its headcount in January, 6,000 further job cuts in May and 300 more in June. In April, Microsoft said it planned to use third-party firms to handle more sales of software to small and mid-size customers. The company had a global headcount of 228,000 at the end of June 2024. Microsoft has market capitalization of over $3 trillion - the biggest in the world - but it is looking to rein in costs as it funnels billions into its ambitious bet on artificial intelligence.
But its use of expert foreign labor is among the highest in the United States, ranking seventh out of the top 10 US corporations. Amazon ranks first, with 9,200 applications in 2024. DailyMail.com has reached out to Microsoft regarding its use of the H1-B visa program. There is no known or confirmed link between the H1-B visas Microsoft is applying for and the global cuts which have been made. But this has not stopped MAGA supporters from calling for the visas to be stopped while layoffs of local employees are taking place. 'This is economic treason. Approving a single H1B right now is a grave betrayal of your fellow citizens,' right-wing X account Pine Baron wrote. 'How is this not economic treason? Every H1B approved now is a slap in the face to hardworking Americans. Stand up for your fellow citizens,' another said. 'Trump should be stopping H1-B until this is under control. Microsoft should not be allowed a visa person for 10 years,' a third wrote.
Amid Trump's efforts to deport illegal immigrants and bring work back to America, the H1-B visa has drawn the ire of MAGA loyalists who believe its existence takes jobs away from hardworking Americans. Supporters of the visa program, including Elon Musk and Vivek Ramaswamy, argued the program attracts high value workers to the United States and even suggested they were in favor of increasing work visa allowances. But the president's base is still vehemently opposed. Trump himself has not indicated he has any plans to change the H1-B visa scheme, even as he seeks to carry out the largest mass deportation agenda in US history. 'The problem here is, for the most part, the system works well for business, and if it works pretty well for business, well the incentive to change it in ways that would protect American workers is hard,' Camarota said. 'The reality is that the business community is convinced they need the workers and there is tremendous skepticism in the part of the public. The end result is political stalemate in terms of reforms.'
Microsoft experienced one of its best ever quarters between January and March, with $26billion in profit. Stock is up nearly 20 percent year-to-date. The news comes days after Amazon's CEO announced brutal workforce cuts as the company also increases its use of AI. Amazon boss Andy Jassy said he plans to reduce the company's corporate workforce over the next few years as the tech will make certain roles redundant. Jassy told employees in a note seen by the Wall Street Journal that AI was a once-in-a-lifetime technological advancement and it has already transformed how Amazon operates. '​​As we roll out more Generative AI and agents, it should change the way our work is done,' he wrote in the memo.
It is not yet clear how many workers will lose their jobs and when the cuts will come. 'It's hard to know exactly where this nets out over time, but in the next few years, we expect that this will reduce our total corporate workforce,' Jassy (pictured) explained. Those close to the matter told the outlet that a large chunk of the decrease in headcount would hopefully occur via attrition. This means as employees move on their roles will not be filled. However, this will not cover all of the reductions and layoffs are still expected to occur at some point.
Amazon is the second largest employer in the country and is seen as a bellwether for employment stability. The company has already slowed hiring, suggesting AI is already influencing the company's staffing needs. It is also clear the company is betting big on the new technology, after it revealed plans to splash $100 billion on data centers that AI depends on.
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Deep Dive: Stripe vs. Adyen – Comparing Product Stacks and Pricing: By Sam Boboev
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Finextra

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Deep Dive: Stripe vs. Adyen – Comparing Product Stacks and Pricing: By Sam Boboev

Two fintech heavyweights are vying for dominance in global payments: Stripe and Adyen. Both power a substantial share of online commerce, yet they've taken different paths to the top. Stripe, the Silicon Valley darling, built its name with developers and startups; Adyen, the Dutch powerhouse, quietly became the backbone for many large global retailers. Product managers and fintech founders on both sides of the Atlantic (especially in the US and EU) often face a strategic choice between these platforms. This deep dive examines how Stripe and Adyen stack up – from their product offerings to pricing models – and why it matters. Spoiler: Both companies have overlapping product categories (payments, fraud prevention, in-person solutions, and more), but their strengths and weaknesses can make each a better fit for different customer profiles. Let's dig in. The Payments Giants at a Glance It helps to frame the comparison with scale and performance. 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Adyen, founded in 2006, took almost the opposite approach – a top-down focus on large enterprises and global retailers. Adyen built a single unified platform for 'unified commerce' (online, in-app, and in-store payments all in one), directly connecting to card networks and local payment methods. This made Adyen the go-to for many big multichannel merchants (think Uber, Spotify, Microsoft, McDonald's, H&M and the like), while Stripe became synonymous with the startup economy and SaaS world. Today, however, their offerings overlap significantly. Stripe now serves 50% of the Fortune 100 companies in some capacity, and Adyen is expanding its reach to mid-sized clients and platforms. Both are truly global – Stripe is used in 195+ countries with support for 135+ currencies, and Adyen similarly supports transactions worldwide (150+ currencies and dozens of local methods). 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One difference is how these methods are integrated. Adyen built direct connections to many local payment schemes and card networks through its own licenses. This 'single platform' approach can improve authorization rates and reduce hops in the transaction process. Indeed, Adyen highlights its direct acquiring connections to Visa/Mastercard and even domestic networks, claiming it can optimize approval rates via intelligent routing (their RevenueAccelerate tools). Stripe, on the other hand, initially partnered with banks for acquiring in various regions, but over time it also obtained regulatory licenses and built out global infrastructure (Stripe has regulatory licenses in multiple jurisdictions and data centers worldwide, ensuring transactions are processed locally where possible for speed and better success rates). Both companies now can offer very high uptime (Stripe boasts 99.999% historical uptime, and Adyen is known for reliability as well) and the ability to settle funds in a currency of the merchant's choosing. Adyen explicitly lets merchants 'choose when and in which currency' to receive payouts, a flexibility important for international businesses. Stripe is almost universally lauded for its developer-friendly APIs and documentation. It provides client libraries in every popular programming language and famously simple code snippets. For a small business or product team, Stripe's developer tools can shorten integration time dramatically. (As an example, Stripe's drop-in checkout or pre-built UI components – Stripe Elements and Checkout – let you start accepting cards with minimal coding.) Adyen's platform is also robust, but the common refrain is that Adyen is not as 'plug-and-play' for small merchants. Adyen often requires a bit more initial setup and understanding of payment flows. 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Source: Stripe vs. Adyen 2024 performance and strategy highlights NerdWallet on ideal customer profiles for Adyen vs Stripe Stripe Newsroom: Amazon expanding use of Stripe (enterprise win) Stripe Enterprise documentation (custom pricing options) Adyen official pricing page (interchange++ transparency) Codelevate 2025 PSP comparison (product features & pricing details) Fintech Wrap Up deep dive (TPV and product developments in 2024) Adyen website ('One platform' omnichannel messaging) Codelevate on strengths/drawbacks of each platform FXCintel analysis on Adyen's 2023 results (North America focus) Disclaimer: Fintech Wrap Up aggregates publicly available information for informational purposes only. Portions of the content may be reproduced verbatim from the original source, and full credit is provided with a "Source: [Name]" attribution. All copyrights and trademarks remain the property of their respective owners. Fintech Wrap Up does not guarantee the accuracy, completeness, or reliability of the aggregated content; these are the responsibility of the original source providers. Links to the original sources may not always be included. For questions or concerns, please contact us at

Employee benefit linked to financial stress takes aim at traditional 401(K)s as US debt skyrockets
Employee benefit linked to financial stress takes aim at traditional 401(K)s as US debt skyrockets

Daily Mail​

time2 hours ago

  • Daily Mail​

Employee benefit linked to financial stress takes aim at traditional 401(K)s as US debt skyrockets

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Ingram Micro says identified ransomware on certain of its internal systems
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time2 hours ago

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Ingram Micro says identified ransomware on certain of its internal systems

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