US suspends Adobe from green card program over alleged abuse

The US government suspended Adobe and Microsoft from a program that allows skilled foreign workers to secure permanent residency, Vice President JD Vance announced on Thursday.

The suspension targets the Permanent Labor Certification Program, also known as PERM, which enables companies to sponsor green cards for staff on H-1B visas. Labor Secretary Keith Sonderling stated that the Department of Labor suspended Adobe and Microsoft due to multiple active federal investigations. The measure also applies to major IT outsourcing companies, including Cognizant, Infosys, Tata, Wipro, HCL, and Capgemini.

Vice President Vance noted that the administration is reforming H-1B and J-1 visa programs, while Attorney General Blanche indicated that the Justice Department is investigating companies that favor foreign workers over American citizens. Concurrently, the Department of Labor issued subpoenas to nine US universities, including Harvard, Yale, Stanford, Brown, and MIT, regarding J-1 visas.

Adobe shares rose 0.4% on Thursday following the announcement. Meanwhile, Microsoft gained roughly 0.2%, Cognizant dropped about 0.7%, and Infosys declined 2.2%.