Infosys downplays U S residence suspension

India's Infosys, the second-largest IT company in India, announced that it does not foresee any significant impact from the U.S. government's suspension of the "PERM" program, which is used to obtain permanent residency for foreign workers. This followed the U.S. government's announcement to halt processing permanent labor certification applications from participating companies and to reduce reliance on H-1B visas. These measures are part of efforts to curb the flow of skilled foreign workers into the United States, which could prolong the process for some employees to secure permanent residency—especially as domestic hiring in Indian tech companies continues to rise.

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