US Labor Dept Reports Sharp Decline in PERM Applications from Major Indian IT Firms

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The US Department of Labor reported a significant drop in PERM applications from major Indian IT companies in the first quarter of FY25. Firms including TCS, Infosys, and Wipro saw a collective decrease of over 30% compared to the same period last year. The PERM process is the first step for employers seeking to sponsor foreign workers for US green cards. The decline reflects reduced demand for US work visas amid a global slowdown in tech spending and increased local hiring in North America.

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