WASHINGTON - Thousands of immigrants are facing the consequences of recent changes partially relating to the economy, prompting Amazon and Google to suspend US green card applications for the remainder of 2024.
The decision comes after tech giants such as Microsoft, and others laid off employees in an environment of cutthroat competition.
Foreign workers are currently worried as the halt in the green card application process may make it more difficult for overseas candidates to work and reside in the US.
In the fresh development, the A-listers of tech world, Google and Amazon have ceased processing Permanent Labour Certification (PERM) applications until the next year.
“We know this is disappointing, and we did not take this decision lightly,” read a memo released by Amazon.
Earlier last year, Google halted its PERM applications besides laying off 12,000 employees. During the ongoing year, employees were informed that the company would not resume the PERM process until the first quarter of 2025.
Meanwhile, Google has said in a recent letter to the Department of labour that the country could lose out on valuable AI and tech talent if some of its immigration policies are not modernized.
It is to be clarified that while the US produces AI talent, there is a shortage of AI specialists in the country. The situation is exacerbated as US’ strict immigration policies have made attracting people to work in American companies difficult.
The decision to halt the processing of Green Card applications by the big giants of technology is a harbinger of the fact that policies around the globe are increasingly becoming anti-immigration - a move which could be devastating for sectors which are labour-deficient.
Pakistani currency rates against US Dollar and other currencies on May 18, 2024 (Saturday) in open market.
US dollar was being quoted at 277.4 for buying and 280.35 for selling.
Euro stands at 297 for buying and 299.5 for selling while British Pound rate is 348.5 for buying, and 352 for selling.
UAE Dirham AED was at 75.25 and Saudi Riyal came down to 73.50.
Currency | Symbol | Buying | Selling |
---|---|---|---|
US Dollar | USD | 277.4 | 280.35 |
Euro | EUR | 297 | 299.5 |
UK Pound Sterling | GBP | 348.5 | 352 |
U.A.E Dirham | AED | 75.25 | 76 |
Saudi Riyal | SAR | 73.5 | 74.25 |
Australian Dollar | AUD | 181 | 183 |
Bahrain Dinar | BHD | 747.77 | 755.77 |
Canadian Dollar | CAD | 203 | 205 |
China Yuan | CNY | 38.49 | 38.89 |
Danish Krone | DKK | 40.25 | 40.65 |
Hong Kong Dollar | HKD | 35.96 | 36.31 |
Indian Rupee | INR | 3.33 | 3.44 |
Japanese Yen | JPY | 1.91 | 1.99 |
Kuwaiti Dinar | KWD | 913.28 | 922.28 |
Malaysian Ringgit | MYR | 58.69 | 59.29 |
New Zealand Dollar | NZD | 169.45 | 171.45 |
Norwegians Krone | NOK | 25.67 | 25.97 |
Omani Riyal | OMR | 730.59 | 738.59 |
Qatari Riyal | QAR | 76.41 | 77.11 |
Singapore Dollar | SGD | 203 | 205 |
Swedish Korona | SEK | 25.67 | 25.97 |
Swiss Franc | CHF | 309.01 | 311.51 |
Thai Bhat | THB | 7.57 | 7.72 |
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