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U.S. suspends Microsoft, Adobe from green-card labor program in foreign worker crackdown

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⚡ Instant Key Takeaways (TL;DR)
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Core Development: U.S. suspends Microsoft, Adobe from green-card labor program in foreign worker crackdown
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Market & Financial Impact: Labor Secretary Keith Sonderling cited "multiple active federal investigations" around the two companies' involvement in the program Thursday.
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Actionable Insight: 🟢 Bullish Trigger: Positive business expansion or earnings beat may attract institutional and retail buying.

The U.S. Department of Labor announced it would suspend Microsoft and Adobe from its Permanent Labor Certification program on Thursday, Labor Secretary Keith Sonderling said, as the Trump administration continues to take aim at immigration and foreign hiring programs ahead of November's midterm elections.

Sonderling said the Labor Department won't accept or process any new applications under the program for a host of companies, including Cognizant, Infosys, Capgemini, Tata, Wipro and HCL.

The secretary said Adobe and Microsoft were also suspended "due to multiple active federal investigations."

"Since 2009, just these companies alone have requested almost 3 million foreign workers. They've received over 230,000 H-1B visas approvals and over 100,000 permanent labor certifications. That's hundreds of thousands of jobs that were taken from American workers," Sonderling said.

Vice President JD Vance criticized Microsoft specifically, pointing to the firm's 6,000 layoffs in 2025. Vance claimed that the company "replaced" those workers with people on H-1B visas.

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Official Publisher Attribution: This report is aggregated from CNBC. ZeroLive provides live aggregation, automated sentiment synthesis, and exchange disclosure monitoring for retail market participants.
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