US Green Card Live News: Trump Administration Suspends Microsoft, Adobe, Infosys, Wipro and 5 Other IT Firms From PERM Programme – Check Full List, Fraud Claims & What It Means for Foreign Workers
The Trump administration suspended eight tech firms, including Microsoft, Adobe, Infosys, and Wipro, from the PERM program over alleged fraud and concerns about American worker displacement. The suspension halts new and pending green card applications for these companies, affecting thousands of foreign workers. The move is part of a broader crackdown on employment-based immigration.
How this was made

The 30-second read
Why it matters
Regulatory action directly affects talent acquisition and retention for the listed companies, potentially influencing stock performance.
Market read
The suspension introduces new regulatory risk for large U.S. and Indian IT service providers, likely prompting short‑term market reactions.
What to watch
Companies may shift to alternative visa categories (H‑1B, O‑1) mitigating long‑term hiring disruptions.
Background
The Trump administration announced a crackdown on PERM green‑card applications for eight major IT firms, citing alleged fraud and concerns over foreign worker usage.
Ticker impact
US Labor Department suspended Microsoft from processing new and pending PERM green‑card applications.
likely downside as investors price in regulatory risk
Regulatory action directly limits a key immigration pathway for Microsoft, creating uncertainty for its talent pipeline.
Adobe was named among eight firms whose PERM applications are on hold.
potential short‑term weakness as the market assesses immigration‑related risk
The suspension could affect Adobe's ability to retain and attract foreign skilled workers.
Infosys is listed as a suspended company for PERM processing.
likely pressure as investors consider operational constraints
Infosys relies heavily on foreign talent in the US; the suspension adds regulatory risk.
Wipro is among the eight firms whose PERM applications are halted.
downward pressure as the market prices regulatory uncertainty
Wipro's US operations depend on foreign skilled workers; the action may hinder staffing.
Cognizant is included in the PERM suspension list.
likely downside as investors factor in hiring constraints
Cognizant's business model involves large numbers of foreign professionals; the suspension raises risk.
Market effects
IT services and software firms may see heightened regulatory scrutiny on immigration programs.
U.S. tech and consulting stocks could face short‑term pressure.
Potential ripple effects for multinational firms reliant on U.S. talent pipelines.
Counterpoint
If the suspension is short‑lived, the impact may be limited and could present buying opportunities on dip.
Key entities
- RegulatorU.S. Department of Labor
Issued the suspension of PERM processing for the eight firms.
- Government OfficialVice President JD Vance
Publicly criticized Microsoft and highlighted the policy.




