GTRI: US Green-Card Freeze Signals Wider IT Curbs

Alphabet (GOOGL) unveiled Gemini, an AI agent for work that operates within Microsoft 365 and Slack. Google Cloud reported $24.77B revenue in Q2 2026, up 82% YoY, with a 36% operating margin. Microsoft's Productivity segment earned $37.85B in the same period, up 14% YoY.

The US suspended Microsoft and seven other tech firms from the PERM green card program, citing fraud. Affected companies include Adobe, Capgemini, Cognizant, HCL, Infosys, Tata, and Wipro. The suspension does not impact H-1B visas or existing green cards. Microsoft disputed claims of misconduct, stating most H-1B applications were for current employees.

The Trump administration imposed new restrictions on the H-1B visa program, targeting Microsoft and Adobe. Vice President JD Vance accused Microsoft of using the visa to hire low-cost foreign workers, harming American workers. Microsoft defended its practices. The news may impact investor sentiment on these tech companies.

The US suspended eight tech companies, including Infosys, TCS, Wipro, and Microsoft, from its Permanent Labour Certification Programme, citing alleged abuse. The suspension affects green card applications for foreign workers. The Labour Department said the companies requested nearly 3 million foreign workers since 2009. Microsoft disputes claims of H-1B visa abuse.

India responded to the US Department of Labour's suspension of the PERM program for certain companies, noting it impacts Green Card processes but not H-1B visas. The MEA criticized the move, stating it harms mutual interests. Affected companies include Infosys, Tata, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe. US officials cited ongoing investigations and alleged visa fraud.

The US suspended PERM applications for 8 tech firms, including Infosys, Tata, Wipro, HCL, Cognizant, Capgemini, Microsoft, and Adobe, citing investigations. India's MEA stated this won't affect H-1B visas but may impact green card processes. The US claims the move targets alleged visa fraud and aims to change hiring practices.