Lots of people laid off by Block are on H1B Visas. With transfer they have 60 days to find new role. If they could not find new job in 60 days, they "fake" transfer to "bodyshop" company while they are looking for real work so status does not lapse.
With transfer you have 4k people looking and eligible for new role. With no H1B transfer, less people are looking for work and citizens and green card holders have higher chance to land roles in a few companies still hiring.
alt Hacker News
Lots of people laid off by Block are on H1B Visas. With transfer they have 60 days to find new role. If they could not find new job in 60 days, they "fake" transfer to "bodyshop" company while they are looking for real work so status does not lapse.
With transfer you have 4k people looking and eligible for new role. With no H1B transfer, less people are looking for work and citizens and green card holders have higher chance to land roles in a few companies still hiring.