Macro EconomyMedium•9 October 2026•
1 min read
Trump Admin Suspends Microsoft and Adobe from Green Card Program
Key Facts
1The Trump administration suspended Microsoft and Adobe from the PERM program used for sponsoring employees for green cards.
2The administration accused the firms of hiring foreign workers at lower pay, citing Microsoft's layoff of 6,000 American workers while hiring H-1B holders.
3Despite the restrictions, President Trump honored the CEOs of Microsoft, Nvidia, and Google with national medals for innovation and science.
The Trump administration suspended Microsoft and Adobe from the PERM program used for sponsoring foreign employees for green cards. Axios reported that the administration accused the firms of hiring foreign workers at lower pay at the expense of American workers, citing Microsoft's layoff of 6,000 domestic employees while continuing to hire H-1B visa holders.
Microsoft shares closed at $522.61 on October 8, 2026, while Adobe closed at $241.05 on the same date. Despite these restrictions, President Trump honored the CEOs of Microsoft, Nvidia, and Google with national medals for innovation and science; Nvidia shares closed at $230.48 and Google closed at $348.29 on October 8, 2026.