No material impact: Infy on US green card freeze

New Delhi: Indian IT services company Infosys expects no material impact on operations after the US decision to suspend new and pending applications under the Permanent Labor Certification (PERM) programme.

In a regulatory filing to stock exchanges, the Bengaluru-headquartered firm said it welcomes the opportunity to work with the US Department of Labor and related government agencies to address any queries.

"We do not anticipate yesterday's announcement of such suspension to have a material impact on the organisation...Infosys has invested in building a strong local workforce and technology and innovation hubs in the United States.

The company remains committed to its employees, clients, and communities across the United States and to complying with all applicable laws and regulations," Infosys said.

The statement follows the US administration's decision on Thursday to suspend eight major technology firms, including Indian IT majors Tata Consultancy Services (TCS), Infosys, Wipro, and HCL Technologies, from the programme that enables employers to apply for permanent residency (green cards) for foreign staff, contending that the practice has excluded American workers from the domestic job market.

Global firms Capgemini, Cognizant, Microsoft, and Adobe were also named in the directive.

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