US freezes Microsoft, Adobe visas over alleged fraud
The US has frozen green-card filings for Microsoft, Adobe, and IT outsourcers, citing fraud concerns. The move targets companies like Cognizant, Infosys, and Wipro, potentially affecting thousands of foreign tech workers' permanent residency paths. Nine universities, including Harvard, are also under investigation for visa misuse. The freeze does not impact current H-1B visa holders but blocks a common route to permanent residency.
How this was made

The 30-second read
Why it matters
The enforcement action introduces new hiring constraints for affected companies, potentially affecting talent acquisition, project timelines, and investor sentiment.
Market read
The freeze creates immediate regulatory risk for major tech and IT services companies, likely prompting short‑term price pressure.
What to watch
Companies may rely more on existing H‑1B holders or shift hiring to other regions, mitigating the effect.
Background
The Trump administration announced a freeze on green‑card (PERM) filings for several major tech firms, citing fraud concerns and domestic job protection.
Ticker impact
US administration froze green-card filings for Microsoft, affecting its PERM applications and hiring pipeline.
likely downside as market prices in hiring restrictions
Enforcement action is new and directly targets Microsoft operations.
US administration froze green-card filings for Adobe, impacting its ability to sponsor permanent residency for foreign workers.
potential pressure on Adobe shares
Adobe is directly subject to the new visa restrictions.
Cognizant is included in the US freeze of green-card filings, limiting its PERM applications.
possible short-term downside
Regulatory action is a fresh development affecting Cognizant.
Infosys is named among firms whose green-card filings are frozen by the US administration.
likely pressure on INFY stock
Direct impact from new enforcement action.
Wipro is included in the US freeze of green-card filings, affecting its PERM applications.
likely pressure on WIT stock
New regulatory action directly targets Wipro.
Market effects
Tech hiring and talent pipeline constraints may affect broader IT services sector.
US tech stocks could see short-term pressure; Indian ADRs may also be impacted.
Regulatory crackdown signals tighter immigration policy, influencing global tech labor markets.
Counterpoint
The freeze may be short-lived or limited in scope, limiting long-term impact on stock prices.
Key entities
- companyMicrosoft
US‑listed software giant
- companyAdobe
US‑listed digital media software provider
- companyCognizant
US‑listed IT services firm
- companyInfosys
Indian IT services firm with US ADR
- companyTata Consultancy Services
Indian IT services firm with US ADR





