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Vice President JD Vance said the administration is suspending several tech firms, including Microsoft, from a program allowing H-1B visa holders to apply for green cards. The action targets Microsoft, Adobe and several tech recruiting companies over alleged abuses of the visa system.
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, according to the report.
Labor Secretary Keith Sonderling cited "multiple active federal investigations" around the two companies' involvement in the program Thursday.