LTIMindtree will stop filing fresh H1-B visa applications: CEO Venu Lambu

LTI Mindtree, one of India’s largest IT firms, will halt filing fresh H-1B visas from the next US cycle, opting instead to ramp up local hiring, CEO Venu Lambu told Moneycontrol.

The decision follows the steep hike in H-1B petition fee for large employers by the Trump administration in recent months.

“We are hiring, we are hiring locally, and one of the things that I have made clear is that we are not going to make any new applications on H-1B,” Lambu said in an interview last week. “Unless (we) have a strong business case to spend $100,000, we are…