Deutsche Bank Adjusts Price Target on Cognizant Technology Solutions to $75 From $70

The U.S. Department of Labor (DOL) suspended PERM applications for Adobe, Cognizant, Infosys, Tata Consultancy Services, Wipro, HCL Technologies, and Capgemini. The action follows investigations into alleged fraud and worker exploitation. No fixed dates or legal basis were announced, but the suspension may last up to 180 days. Employers are advised to review compliance and prepare for audits.

The Trump administration suspended Microsoft, Adobe, and six other tech companies from the PERM program, alleging misuse and displacement of American workers. Microsoft disputed the claims, stating most H-1B filings were for existing employees. The suspension may delay green card applications for foreign workers at these companies.

U.S. President Trump suspended several Indian IT companies, including Cognizant, Infosys, Tata, Wipro, and HCL, from a labor certification program, citing job displacement. The U.S. is India's major market, with a $58.4B goods trade deficit in 2025. Trump aims to reduce this imbalance, pressuring India to open protected sectors. Indian Finance Minister Sitharaman acknowledged the trade talks' challenges.

The US government suspended eight tech companies, including Tata Consultancy Services, Infosys, Wipro, HCLTech, Cognizant, Microsoft, Adobe, and Capgemini, from the PERM Green Card program. The move aims to address alleged misuse of foreign-worker programs. Existing H-1B visas remain valid, but the suspension may delay permanent residency for affected employees. Companies report limited PERM applications, suggesting a potential minimal impact on their operations.

The US suspended Microsoft, Adobe, and major IT firms from a green-card program, citing alleged abuse. Vice President Vance accused Microsoft of laying off US workers while hiring foreign labor. The Labor Department also opened probes into top universities like Harvard and Yale over visa misuse. Microsoft denied wrongdoing, stating it pays H-1B employees equally. The crackdown may impact tech firms' hiring and universities' research funding.

The US suspended green card processing for Microsoft, Adobe, Infosys, TCS, Wipro, HCLTech, Cognizant, and Capgemini amid investigations into alleged H-1B visa program misuse. This affects workers' permanent residency prospects and companies' talent retention strategies, potentially reshaping hiring and offshore delivery models.