Now Reading: One in 10 staff at California unicorns works in India
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One in 10 staff at California unicorns works in India
The Story in Brief
India accounts for an average of 12 per cent of employees at California-headquartered technology unicorns, ranking second only to California itself at 21 per cent, according to research by Stanford University's Graduate School of Business Venture Capital Initiative. The study, conducted in July and covering 334 startups and 158,563 employee profiles, found that half of all employees at these unicorns are based outside the US, with India contributing more than 46 per cent of that international workforce.
Key drivers include US visa restrictions on H-1B visas, long green card waits, and salary differentials that offer cost savings of 60 to 80 per cent for startups hiring in India, according to PlugScale. Nearly one in 16 startup founders in the US who came from abroad are Indian, which may also encourage hiring in India.
The shift towards remote shoring is expected to accelerate as the US government tightens visa policies, including raising the H-1B fee to $100,000 and targeting renewals.
Indian Opinion Analysis
The source provides straight reporting of the Stanford study without any critical or political framing. It presents the data and the reasons given by the researchers and PlugScale without questioning them. A careful reader should note that the report does not examine potential downsides such as quality of work, management challenges, or the long-term impact on Indian employees of being in a cost-saving role. The next thing to watch is whether the trend continues as US visa policy changes unfold, and whether Indian talent can move up the value chain within these unicorns.
Coverage: 1 source, 1 neutral
Source: rediff.com (neutral report)
This story was synthesised by AI from the source linked above. Methodology and corrections.
