Microsoft stock: Copilot’s local AI push faces a memory hurdle

The U.S. Department of Labor suspended Microsoft, Adobe, and six IT firms from the PERM green card program, citing federal investigations. The suspension is indefinite, halting new and pending applications. Affected companies include Microsoft, Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies, and Capgemini. The action does not impact existing H-1B visas or issued green cards.

Microsoft, Adobe, and six IT firms are suspended from the PERM program, halting green-card applications. H-1B visas remain unaffected. Microsoft states 80% of its H-1B filings were for existing employees. The suspension is tied to abuse allegations in foreign-worker programs.

Vice President JD Vance defended Trump's visa crackdown, citing Bernie Sanders' past opposition to open borders. The administration suspended Microsoft (MSFT), Adobe (ADBE), and others from the PERM program, alleging misuse of employment visa programs. Vance claimed Microsoft laid off 6,000 U.S. workers while retaining 6,300 H-1B visa holders. Sanders previously opposed open borders, citing potential wage depression for U.S. workers.

The U.S. Labor Department suspended Microsoft, Adobe, and six outsourcing firms from the green-card labor program due to federal investigations. No end date was given. The companies had requested nearly 3 million foreign workers since 2009, receiving over 230,000 H-1B visas and 100,000 labor certifications. The suspensions apply only to the named companies, with no wrongdoing announced.

The Trump administration suspended Microsoft (MSFT) and other firms from a Labor Department program for sponsoring foreign workers for green cards, alleging abuse of the hiring process. Microsoft claims 80% of its H-1B applications were for existing employees. The administration cited 6,000 layoffs by Microsoft while obtaining 6,300 H-1B visas and 3,000 green cards, though data shows Microsoft ranks 5th in H-1B usage.

India criticized the US suspension of the PERM green-card program for IT firms, including TCS, Wipro, Infosys, and Microsoft, calling it harmful to shared ambitions. The move affects thousands of Indian professionals. Microsoft stated 80% of its H-1B applications were for existing employees. India also objected to US Vice President Vance's remarks about foreign professionals.