Aug 23, 2018

Apple, Cisco, IBM speak out against Trump's immigration policies

Photo: Photofusion/UIG via Getty Images

Chief executives from top U.S. companies including Apple, Cisco, IBM, Pepsico and AT&T sent a letter to Homeland Security this week expressing their "serious concern about changes in immigration policy," arguing the changes are "unfair and discourage talented and highly skilled individuals from pursuing career opportunities in the United States," according to a copy provided to Axios.

The big picture: The Trump administration has imposed several new policies and released memos that have made it much more difficult for highly skilled foreign workers to obtain H-1B visas — and much easier immigration officials to deport foreign workers who become ineligible. Many tech companies in particular rely on these foreign workers to fill the labor and skills gap in the U.S.

On the other side: The administration and advocates for cutting immigration levels have often accused employers of taking advantage of the H-1B visa to find cheaper labor instead of hiring Americans.

  • Labor Department investigators have been probing tech companies for abuse of employment visas. They recently concluded that Cisco Systems, which employed 1,600 immigrant workers last year, had been favoring immigrants for job openings and paying them less than American workers, Bloomberg Law reported this week.
  • A Cisco spokesperson told Axios the story is "factually incorrect. Visa holders are paid on the same basis as US citizens and permanent residents."

Key players: The companies that sent the letter to DHS are all a part of Business Roundtable, an influential group that represents many of the largest companies in the U.S. Key executives who signed the letter include Cisco System's Chuck Robbins, Apple's Tim Cook, IBM's Ginni Rometty, S&P Global Douglas L. Peterson, JPMorgan Chase's Jamie Dimon, Salesforce's Marc Benioff and PepsiCo's Indra Nooyi.

Go deeper: Visas getting harder to obtain under Trump's immigration crackdown

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Stephanie Grisham out as White House press secretary

Photo: Chip Somodevilla/Getty Images

White House press secretary Stephanie Grisham is departing her post to return to the East Wing as First Lady Melania Trump's chief of staff, the White House announced Tuesday. The news was first reported by CNN.

Why it matters: Grisham will leave after nine months without ever having held a formal press briefing. Her departure follows the arrival of new White House chief of staff Mark Meadows, who has a chance to overhaul a communications shop that's kept a low profile since President Trump ended the tradition of daily press secretary briefings.

WeWork board sues SoftBank

Illustration: Sarah Grillo/Axios

SoftBank was sued Tuesday morning by a special committee of WeWork's board of directors for alleged breaches of contract and fiduciary duty related to SoftBank's decision to cancel a $3 billion tender offer for WeWork shares.

Why it matters: SoftBank is viewed by many in the private markets as an unfaithful partner. If this reaches trial, that reputation could either become widely cemented or reversed.

IEA boss won't let Big Oil off the hook

Photo illustration: Sarah Grillo/Axios. Photo: Freya Ingrid Morales/Anadolu Agency/Getty Images

International Energy Agency executive director Fatih Birol has a tough job these days — responding to an unprecedented crisis now without losing sight of an existential one that must be tackled over decades.

Driving the news: He spoke to Axios yesterday about his work to help stabilize oil markets and ensure coronavirus doesn't sap governments' and companies' work on global warming.