The consequences to the tech industry are massive and diminishes the ability to find future leaders of technology companies and hurts the creation of jobs.

Allowing parts of the ban to go into effect with respect to some immigrants and refugees is disappointing.” says Michal Rosenn, general counsel at Kickstarter, said in a statement provided to CNN Tech. “It will have a negative impact on America’s standing in the world, and on companies’ ability to recruit and retain the best talent.”

This announcement causes chaos and curtails hiring and gives pause to potential immigration and really is the first time in history where the ability to both welcome and attract talent has been rolled back.

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