Layoffs Google 12000 Microsoft 10000 Amazon 18000
That's just three of the major firms. There are more across the industry. Not all are in the US. Banking is mixed with layoffs at Goldman and Morgan Stanley but status quo or even hiring at some others.
This should say a couple of things regarding labor and immigration. First, if you are in the US on an H1B visa, you need to leave - you were brought in for a specific job and if that job is gone, you must leave. Second, If you are a company who has laid off workers, you should receive NO allocation of h1B moving forward. Allocations of H1Bs across the industry should be cut because we see that labor is available, even if not at the lower wages of imported labor.
Oh, and I guess telling the released "journalists" to learn to code won't work out real well....too bad.
An interesting topic would be a real criteria they're going to apply to these layoffs:
diversity?
political?
vaxx status?
white? lack of tattoo or pierce somewhere on the face, tongue, nose?
uncolored hair? or when you chose orange?
Learn to "coal"
That said, people on h1b do have a grace period to get a new job. Not sure if the rules have changed recently but that's how it was until a few years ago