The cost of the H-1B visa, a crucial visa for US tech companies to hire foreign workers, has increased dramatically, leading US firms to relocate their talent to Latin America and Eastern Europe. This shift is reshaping recruitment strategies across the technology sector, impacting everything from developer skills to regional economic growth. This relocation strategy helps companies manage costs and leverage government incentives. The move is changing how tech companies source workers. Key players in Latin America are already rolling out policies to attract investments, creating a strategic nearshoring platform for global businesses. As a result, H-1B reforms have triggered significant shifts in the US tech sector’s workforce dynamics. Companies are re-evaluating their staffing strategies and shifting budgets. The financial landscape is changing as developers report budget reallocations with some seeing up to 50% cuts in developer salaries. This is affecting the economic landscape, creating opportunities for growth in Latin America’s technology sector. While past immigration policy changes have seen similar outcomes – where a greater pool of skilled workers was available – this time, Latin American tech capacity is expected to rise due to increased investment and remote work models.