Trump Administration Suspends Microsoft Permanent Residency Application Program Amid Visa Abuse Allegations
MSFT Microsoft Corp
$535.07 +2.38%
View chart & analysis → - 1The Trump administration accused Microsoft of abusing the visa system to replace American workers with foreign employees.
- 2Vice President JD Vance criticized the company, citing 6,000 American jobs cut by Microsoft last year alongside 6,300 H-1B visas secured by the company last year.
- 3Microsoft stated that 4 out of 5 H-1B petitions submitted during the recent fiscal year were renewals or adjustments of status for existing employees.
So what's the key point?
The Trump administration accused Microsoft of abusing the visa system to replace American workers with foreign employees.
Source Quartz · View original ↗
Nothing hidden: past picks and how they did against the S&P 500.