Microsoft Suspended From US Green Card Program Over Labor Allegations
MSFT sits 53% above its 52-week low of $349.2.
Summary
The US Department of Labor suspended Microsoft from the PERM program, halting new applications and processing of pending green card cases. The suspension, announced Thursday, alleges the program was used to replace American workers with lower-paid foreign labor. Microsoft recorded 1,680 PERM cases in the first nine months of fiscal 2026, down from 3,153 in fiscal 2025. The company says the vast majority of its US employees are Americans and that 80% of its ~6,000 H-1B filings last fiscal year were for extensions or status changes of existing employees. This is a regulatory action with potential reputational and workforce planning implications, though Microsoft states the suspension does not affect existing H-1B visas or employee status.
At the time of this announcement, MSFT was trading at $535.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $4T. The 52-week trading range was $349.20 to $553.72. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Economic Times.