Trump Admin Suspends Microsoft and Adobe from Foreign Visa Program

Key Facts

1The Trump administration suspended Microsoft, Adobe, and six other IT firms from the Labor Department's PERM green card sponsorship program.

2Vice President JD Vance accused Microsoft of replacing laid-off American workers with foreign hires.

The Trump administration suspended Microsoft, Adobe, and six other IT firms from the Labor Department's PERM green card sponsorship program. CNBC reported that the move follows accusations from Vice President JD Vance that Microsoft replaced laid-off American workers with foreign hires using visa programs.

Microsoft shares closed at $535.07 on October 9, 2026, while Adobe closed at $242.27 on the same date. Within the broader tech sector, Apple closed at $336.64, Alphabet at $351.66, and Meta at $718.67 on October 9, 2026.