TCS, Infosys, Wipro and HCL among IT giants suspended from US green card programme
The Trump administration suspended TCS, Infosys, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe from the US green card programme. Labour Secretary Keith Sonderling cited high volumes of foreign worker requests, while Vice-President J.D. Vance criticized Microsoft for alleged abuse of the system.
How this was made
The 30-second read
Why it matters
Regulatory action creates immediate uncertainty for the affected firms, potentially pressuring their stock prices as investors reassess US hiring capabilities.
Market read
The suspension directly impacts the talent acquisition strategy of major IT services firms, likely leading to negative price pressure across the sector.
What to watch
Companies may accelerate automation or shift hiring to other regions, mitigating long‑term earnings hit.
Background
The US Department of Labor announced a suspension of several large IT outsourcing firms from the Permanent Labour Certification Programme, affecting their ability to secure green cards for H‑1B workers.
Ticker impact
Infosys was named among firms barred from the permanent labour certification programme.
likely pressure as market assesses talent‑supply constraints
The suspension curtails the ability to secure long‑term US work visas.
Cognizant was suspended from the permanent labour certification programme.
likely pressure as investors adjust growth expectations
Regulatory block directly limits green‑card applications.
Microsoft was also suspended from the green‑card programme alongside the IT firms.
likely pressure as investors consider hiring constraints
Regulatory action affects a major US tech employer’s staffing flexibility.
Adobe was named among companies barred from the permanent labour certification programme.
likely pressure as market assesses talent‑acquisition limits
The suspension directly limits Adobe’s long‑term US hiring strategy.
Market effects
US IT services and consulting sector faces heightened regulatory risk.
Potential sell‑off in Indian ADRs and related tech stocks.
Signals tighter US immigration policy affecting global talent flows.
Counterpoint
Short‑term price impact may be limited as firms can rely on existing workforce and alternative visa categories.
Key entities
- RegulatorUS Department of Labor
Issued the suspension of the green‑card programme for listed firms.
- OfficialKeith Sonderling
Labour Secretary who announced the suspension.
