Infosys Does Not Expect Material Impact From US PERM Suspension
· Business · Economic Times, Reuters, Bloomberg
India's second-largest IT firm, Infosys, stated on Saturday that it does not anticipate a material impact from the US government's suspension of the Permanent Labor Certification program. The US government announced on Thursday that it was suspending major global tech and IT firms from the PERM green card program, which enables skilled foreign workers to secure permanent residency through employment. In an exchange filing, Infosys expressed its willingness to work with the Department of Labor and related agencies to address any questions. The suspension affects several major global technology companies operating in the US.
Why it matters
The US suspension of the green card certification program creates uncertainty for skilled foreign workers, though major Indian IT firms like Infosys anticipate minimal financial fallout.
Read the original report — Economic Times
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