U.S. suspends Microsoft, Adobe and several IT firms from green‑card program over alleged fraud
+4 new sources since this summary was written
The Trump administration announced that the Department of Labor will suspend Microsoft, Adobe and a group of Indian IT outsourcers from the PERM permanent‑labor‑certification program. Vice President JD Vance said Microsoft laid off 6,000 U.S. workers while receiving 6,300 H‑1B visas and roughly 3,000 green‑card approvals, prompting the suspension. Labor Secretary Keith Sonderling added that Cognizant, Infosys, Tata, Wipro, HCL and Capgemini are also barred from new and pending applications.
Why it matters
The company‑specific suspension blocks Microsoft and Adobe from sponsoring foreign workers for U.S. permanent residency, potentially limiting their ability to retain H‑1B talent (the company says). The broader ban on the listed IT firms could disrupt their U.S. hiring pipelines and affect investor sentiment toward the affected stocks.
Key facts
- 1Vice President JD Vance announced the suspension of Microsoft and Adobe from the PERM green‑card program. newsweek.com
- 2Labor Secretary Keith Sonderling said Cognizant, Infosys, Tata, Wipro, HCL and Capgemini are also suspended. newsweek.com
- 3Microsoft laid off 6,000 American workers last year. newsweek.com
- 4Microsoft received 6,300 H‑1B visas and 3,000 green‑card approvals in the same period. newsweek.com
- 5The Department of Labor will not process new or pending PERM applications for the listed companies. foxbusiness.com
Summary written by AlphAI from 20 of 219 sources. Not investment advice. Figures are as stated by the linked sources.