Thread regarding PepsiCo Inc. (Pepsi) layoffs

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Specifically targeted: The H-1B visa program, which allows 85,000 foreign workers into the United States each year to take specific high-skilled jobs with U.S. companies. The program is popular with the information technology industry, which Trump has accused of "importing low-wage workers on H-1B visas to take jobs from young college-trained Americans."

The executive order will stop short of the one- to two-year moratorium on new skilled worker visas that Trump called for during the campaign. And it comes too late to have a direct effect on this year's visa season, which opened April 3.

Instead, the executive order will look for administrative changes, including an overhaul of the lottery system used to determine which companies can sponsor the visas, one official said. Other visa programs, like the H-2B seasonal worker visa that Trump himself uses to staff his Mar-a-Lago resort in Palm Beach, Fla., will be largely unaffected.

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