Trump Admin Suspends PERM Applications for Major Tech Firms
Key Facts
The US Department of Labor announced it will not accept or process new PERM applications for a list of prominent tech firms. Reuters reported that the decision affects major companies including Microsoft and Adobe, alongside Indian IT giants Infosys and Wipro. The action is being enforced amid ongoing federal investigations into alleged abuse of employment-based immigration programs.
Microsoft (MSFT) closed at $535.07 and Adobe (ADBE) closed at $242.27 on October 9, 2026, prior to the reports of the regulatory suspension. In the Indian IT services sector, Infosys (INFY) closed at $10.73 while Wipro (WIT) stood at $1.70 on the same date. The suspension targets firms with high volumes of foreign labor sponsorship as part of a broader crackdown on H-1B and PERM program compliance.