Infosys plays down impact of PERM suspension
Infosys has stated that the US Department of Labor's suspension of the PERM program will not have a material impact on its operations. The company emphasized its commitment to its US workforce and compliance with local regulations.
Why it matters
This provides reassurance to investors regarding the operational stability of a major IT services firm amidst regulatory changes.
BENGALURU: Infosys said the US Department of Labor's suspension of new and pending applications under the Permanent Labor Certification (PERM) programme for certain companies, including the IT services major, is unlikely to have a material impact on its operations.In a statement to the stock exchanges, the company said it was aware of the decision and welcomed the opportunity to work with the Department of Labor and other govt agencies to address any questions they…
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