US Suspends Microsoft PERM Green Card Program, Vance Says

Yahoo Finance··US·Read original
3▲0 ▼1Impact / 5
Summary · why it matters

The United States has suspended Microsoft's PERM program, barring the tech giant from sponsoring H-1B visa holders for permanent US residency, Vice President JD Vance announced. Vance said Microsoft laid off 6,000 American workers last year while benefiting from 6,300 H-1B visas and almost 3,000 green cards, arguing the company replaced laid-off workers with foreign labor. He said an ongoing investigation led to the decision to suspend the PERM program for Microsoft. Vance framed the move as part of a broader effort by a federal task force, backed by the President, to stop what he called a scandalous system. The suspension means Microsoft can no longer take its H-1B holders and apply for permanent resident status for them within the United States.

Impact on assets 1

Artificial Intelligence▼
Microsoft Corporation
MSFT
▼ NegativeRegulationrelevance

US suspended Microsoft's PERM program, barring it from sponsoring H-1B holders for permanent residency.