Trump Administration Suspends Microsoft, Adobe and IT Firms From PERM Green Card Program

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Summary · why it matters

The Trump administration is suspending Microsoft, Adobe and the IT outsourcing firms Cognizant, Infosys, Tata, Wipro, HCL and Capgemini from the Permanent Labor Certification Program, or PERM, which allows companies to sponsor foreign workers for green cards, with pending applications also set to be rejected. At an October 8 White House press conference, Vice President JD Vance singled out Microsoft as a major abuser of the program, saying the company laid off 6,000 American workers last year while still applying for 6,300 H-1B visas and nearly 3,000 green cards. "You cannot lay off American workers and then replace them with foreign indentured servants," Vance said. Microsoft responded in a blog post that 80% of the 6,000 H-1B applications it filed last year were to extend or change the status of employees already at the company, and that the remaining 20%, for new employees, covered people already legally in the country and equaled 1% of its U.S. workforce. The company added that it pays H-1B employees the same as any other employees doing comparable work, and that its wages are among the highest of all H-1B filings. In the same press conference, Vance and other administration officials named nine universities — Harvard, Yale, Stanford, Brown, the University of Pittsburgh, the University of California, Davis, the California Institute of Technology, Arizona State and the Massachusetts Institute of Technology — for excessive use of J-1 visas, a day after the administration proposed a $70,000 fee for international students seeking to work in the U.S.

Impact on assets 7

Artificial Intelligence▼
Microsoft Corporation
MSFT
▼ NegativeRegulationrelevance

Microsoft is suspended from PERM and singled out by VP Vance as a major abuser of the program.

Adobe Inc.
ADBE
▼ NegativeRegulationrelevance

Adobe is suspended from the PERM green card sponsorship program, with pending applications rejected.

Information Technology▼
Capgemini SE
CAP
▼ NegativeRegulationrelevance

Capgemini is suspended from the PERM green card sponsorship program.

Cloud & Digital Infrastructure▲

Off-coverage companies 1

HCLi
Private▼ NegativeRegulationrelevance

HCL is suspended from the PERM green card program, with pending applications rejected.