Top 30 H-1B employers in 2022 accounted for at least 85,000 layoffs in 2022 and early 2023: Top 30 H-1B employers subject to the annual cap by number of approved petitions for initial employment, fiscal year 2022, number of outsourcing firms in top 30, and layoffs in 2022 and the first quarter of 2023
| Rank | Employer name | H-1B petition approvals for initial employment, FY 2022 | Outsourcing/offshoring business model? | Layoffs in 2022 and Q1 of 2023 |
|---|---|---|---|---|
| 1 | Amazon | 6,396 | 27,150 | |
| 2 | Infosys | 3,151 | Yes | – |
| 3 | Tata Consultancy Services | 2,854 | Yes | – |
| 4 | Cognizant | 2,521 | Yes | – |
| 5 | 1,562 | 12,000 | ||
| 6 | Meta Platforms | 1,546 | 21,000 | |
| 7 | HCL | 1,260 | Yes | – |
| 8 | IBM | 1,239 | Yes | 3,900 |
| 9 | Wipro | 1,172 | Yes | – |
| 10 | Deloitte Consulting | 1,169 | Yes | – |
| 11 | Accenture | 1,097 | Yes | – |
| 12 | Capgemini | 1,090 | Yes | – |
| 13 | Microsoft | 1,008 | 10,000 | |
| 14 | Apple | 930 | – | |
| 15 | Intel | 877 | 544 | |
| 16 | Ernst & Young | 701 | Yes | – |
| 17 | Goldman Sachs | 529 | 3,200 | |
| 18 | Qualcomm | 524 | 232 | |
| 19 | Tech Mahindra | 509 | Yes | – |
| 20 | Oracle | 491 | 200 | |
| 21 | Citibank | 489 | – | |
| 22 | McKinsey & Company | 481 | 2,000 | |
| 23 | Pricewaterhouse Coopers | 429 | Yes | – |
| 24 | JP Morgan Chase | 420 | – | |
| 25 | Walmart | 392 | 200 | |
| 26 | Mindtree | 342 | Yes | – |
| 27 | Tesla | 337 | 30 | |
| 28 | Cisco | 326 | 4,100 | |
| 29 | Eficens | 288 | – | |
| 30 | Nvidia | 284 | – | |
| Totals | 34,414 | 17,534 | 84,556 | |
| Top 30 share of total H-1B annual numerical limit of 85,000 | 40% | 21% | – | |
Notes: H-1B petition approvals include approved petitions for initial employment (i.e. for new employment, not visa extensions). Petitions are approved by U.S. Citizenship and Immigration Services (USCIS), a subagency of the U.S. Department of Homeland Security. Layoffs are according to Layoffs.fyi as listed on March 21, 2023, and as reported in listed news sources.
Source: Authors’ analysis of USCIS H-1B Employer Data Hub, data for fiscal year 2022 and Layoffs.fyi. Mark Gurman and Debby Wu, “Intel Plans to Lay Off Thousands of Employees As the Chipmaker Looks to Trim Costs,” Time, October 12, 2022; Lauren Hirsch, “Goldman Sachs Begins Large Round of Layoffs,” NY Times, January 10, 2023; Mike Freeman, “Qualcomm lays off more workers in San Diego amid smartphone sales slump,” The San Diego Union-Tribune, March 6, 2023; Jennifer Surane, “Citigroup Cuts Hundreds of Jobs, Including in Investment Banking and Mortgage Units,” Bloomberg, March 2, 2023; Sridhar Natarajan, “McKinsey Plans to Eliminate About 2,000 Jobs in One of Its Biggest Rounds of Cuts,” Bloomberg, February 21, 2023; Hannah Levitt, “JPMorgan Cuts Hundreds More Mortgage Workers Amid Housing Woes,” Bloomberg, February 8, 2023; Leada Gore, “Walmart layoffs 2022: Retailer cuts employees, lowers profit forecasts amid inflation woes,” AL.com, August 4, 2022; Samrhitha Arunasalam, Akash Sriram, and Akanksha Khushi, “Tesla says it laid off 4% New York employees before union campaign,” Reuters, February 16, 2023.