With the US economy slowing down, the need for technology workers has dropped 44%. Those with H1-B visas, and body shoppers, are facing the brunt.
Impact of the US slowdown
The 2001 US economic slowdown caused a 44% drop in tech worker demand. This shift disproportionately affects H1-B visa holders and recruitment body shoppers as the industry faces a significant contraction in labor needs and hiring.