US suspending permanent residency program for Microsoft, Vance says The logo of Microsoft at the 10th edition of the VivaTech technology startups and innovation fair in Paris, France, June 18, 2026. REUTERS/Gonzalo Fuentes · Reuters By Dan Rosenzweig-Ziff Thu, October 8, 2026 at 10:45 AM EDT 1 min read MSFT +0.10% CTSH -0.22% INFY -2.04% WIT -1.80% CAP.PA -1.35% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
WASHINGTON, Oct 8 (Reuters) - US Vice President JD Vance said on Thursday that the federal government was suspending Microsoft from a program that allows skilled foreign workers to gain permanent residency, citing alleged fraud.
Secretary of Labor Keith Sonderling added that some of the largest IT firms in the world would also be suspended from that program, including Cognizant, Infosys, Tata, Wipro, HCO and Capgemini, as well as Adobe. Microsoft did not immediately respond to a request for comment.
He also said nine universities, including Harvard, Yale and Stanford, would be investigated for allegedly bringing in international students to undercut American wages. Labor Inspector General Anthony D'Esposito said subpoenas had already been served.
(Reporting by Dan Rosenzweig-Ziff; Editing by Mark Porter)
