Infosys falls after U.S. suspends green-card program access
Infosys shares fell after the U.S. government said it would suspend several major technology companies from the Permanent Labor Certification Program. The move also affected Cognizant, Microsoft and Adobe.
By Mariapaula Gonzalez Shares of Infosys dropped Thursday after the federal government said it would suspend major technology companies from a program that allows skilled foreign workers to obtain permanent residency. Department of Labor Secretary Keith Sonderling said Thursday that his team would suspend several major information technology companies from the Permanent Labor Certification Program, which allows companies to apply for green cards for H-1B visa workers. Infosys and Cognizant Technology Solutions were among the affected companies, he said at a White House press conference Thursday. D.
Vance cited alleged fraud as the reason for Microsoft's suspension, Vance said at the press conference. S. S. Technology companies remain the biggest users of H-1Bs, with nearly three-quarters of approvals going to Indian professionals.
Indian citizens received 70% of H-1B approvals in fiscal 2025, followed by Chinese nationals with nearly 12%. from Homeland Security earlier this year. S. Citizenship and Immigration Services.
8%. Infosys, Microsoft, Cognizant, and Adobe didn't respond to requests for comment from Barron's. The announced suspension came after the Trump administration asked schools earlier this week to pay $70,000 to have international students on Optional Practice Training, or OPT, a program that helps students work in jobs related to their major course of study during or after their time in school. It's also usually the first step toward getting an H-1B.
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