From mint · A Ksheerasagar · · 1m 10s
IT Firms Suspended From US Green Card Programme
US suspends Infosys, Wipro, and other IT firms from H-1B green card programme.
In brief
US suspends Infosys, Wipro, and other IT firms from H-1B green card programme. US suspends major Indian IT firms from H-1B green card programme after Trump administration claims they abuse visa system. Originally reported by mint.
US suspends major it firms
US President Donald Trump’s administration suspended Infosys, Wipro, Cognizant, TCS, and HCL from the Permanent Labour Certification Programme.
“i am hereby suspending from the permanent labour certification programme some of the largest it outsourcing firms in the world, cognizant, infosys, tata, wipro, hcl, and capgemini”
it firms affected by suspension
The suspension impacts india’s $300 billion it sector, which derives 57% of revenue from the us.
h-1b visa numbers drop
Last year, 57,000 new h-1b visas were approved for indians, down 28% from fy24.
us raises h-1b fee
In september last year, the us raised the h-1b visa fee to $100,000 annually for new applicants.
vance accuses microsoft
Vice President JD Vance accused microsoft of abusing h-1b visa system by laying off 6,000 workers but obtaining 6,300 h-1b visas.
suspension timing
The suspension announcement came hours before trump was scheduled to award microsoft ceo satya nadella the national medal of technology and innovation.
consequence for it firms
Infosys and wipro adrs dropped 3% after the suspension announcement.
The big picture
US suspends major Indian IT firms from H-1B green card programme after Trump administration claims they abuse visa system.
