H1B visa should be reformed full stop.
But this isn't reform, this is a shakedown.
Enforcment will not be consistent. The CEOs who are ready and willing to pay the vig to the trump family and fellate the man will get exceptions.
One possible explanation: the hiring market is dead for low tier devs (and mid tier ones are probably feeling the heat too). This is not caused by H1B, since this drought is recently new but visas have been around for a very long time.
Still, people panic and look for someone to blame. "This decision looks like it reduces dev supply, so my skills will be more in demand? Sounds good, let's go!"
Also, Trump’s support disproportionately comes from white americans, who perform among the best in international assessments: https://www.reddit.com/r/neoliberal/comments/18bzkle/2022_pi.... They’re right between Korea and Japan.