IT Stocks Rally Despite Trump's US Visa Crackdown | Why Markets Aren't Worried About PERM Suspensions
First reported 9 Oct, 03:11 UTCUpdated 2d ago3 sources
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Indian IT stocks are rising despite the Trump administration's suspension of major technology companies, including TCS, Infosys, Wipro, HCLTech and Cognizant, from the US Permanent Labor Certification Program (PERM). The move freezes new and pending PERM applications, a key step towards securing US permanent residency…
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Nasscom said the US suspension of new PERM applications affects a specific immigration pathway and should not be conflated with skilled talent mobility. It noted Indian technology firms have reduced H-1B reliance, expanded US hiring and maintain compliance with local regulations.
Tata Consultancy Services (TCS) stated that the US government's suspension of the PERM programme would not affect its workforce strategy. The company emphasized its commitment to hiring local talent across its numerous offices in the US. TCS plans to increase its workforce in the US by hiring 15,000 employees over the…
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- ‘Indian IT firms comply with local laws’: Nasscom defends industry after US PERM freeze (opens Mint in a new tab)
Nasscom said the US suspension of new PERM applications affects a specific immigration pathway and should not be conflated with skilled talent mobility. It noted Indian technology firms have reduced H-1B reliance, expanded US hiring and maintain compliance with local regulations.
- TCS says Trump's PERM suspension won't affect US plans, targets 15,000 new hires (opens The Times of India in a new tab)
Tata Consultancy Services (TCS) stated that the US government's suspension of the PERM programme would not affect its workforce strategy. The company emphasized its commitment to hiring local talent across its numerous offices in the US. TCS plans to increase its workforce in the US by hiring 15,000 employees over the…
