H-1B visa holders homeward bound

In February, President Obama signed legislation placing certain restrictions on companies that received government bailout money, such as ensuring they did not displace American workers with H-1B visa holders. While Bank of America rescinded offers to some MBA graduates of U.S. universities as a result, it appears layoffs are more often to blame for the lack of visa renewals. As their fate becomes increasingly uncertain, a growing number of Indians in America -- both temporary workers and permanent residents who only a few years ago fought to win lucrative jobs --are now packing up and heading home to India.

Read More