Microsoft is being suspended from program to apply for green cards for skilled foreign workers, Vance says

The U.S. Department of Labor suspended Microsoft and Adobe from its Permanent Labor Certification program, citing active federal investigations. The move affects several other companies and is part of a broader crackdown on foreign worker programs. According to Labor Secretary Keith Sonderling, the affected companies have requested nearly 3 million foreign workers since 2009.

The U.S. government suspended Microsoft and Adobe from the PERM program, which allows companies to apply for green cards for H-1B visa workers, citing alleged fraud. Other major IT firms, including Cognizant, Infosys, Tata, Wipro, HCL, and Capgemini, were also suspended. The Labor Department is investigating nine universities over J-1 visas. Microsoft and Adobe shares rose slightly, while Cognizant and Infosys fell.

Microsoft and Adobe are suspended from using foreign workers by the Trump administration, according to Vice President J.D. Vance. The move follows allegations of visa abuse, with Microsoft accused of hiring 6,300 H-1B workers and 3,000 green card holders while laying off 6,000 U.S. workers. The H-1B visa program is intended for specialty roles unfillable by U.S. workers.

The U.S. government has suspended Microsoft from a green card program for H-1B visa workers, accusing the company of fraud. Vice President JD Vance claimed Microsoft replaced laid-off workers with foreign workers. The H-1B program has been criticized for undercutting American workers. Microsoft has not commented. Additionally, the administration proposed a $70,000 fee for international students in the OPT program and targeted nine universities for J-1 visa fraud investigations.

US Vice President JD Vance announced the suspension of Microsoft from a program offering permanent residency to skilled foreign workers, citing alleged fraud. The decision impacts Microsoft's ability to hire foreign talent. Microsoft generates over half of its revenue from the US market.

Securitize (SECZ) launched tokenized shares of Apple (AAPL), Microsoft (MSFT), Nvidia (NVDA), and others, backed 1:1 by actual shares. Tokens operate on Solana, settle in USDC, and offer shareholder rights. The company aims to bridge traditional markets with tokenization, with plans for round-the-clock trading.