Indian IT services major Infosys has sought to reassure investors and stakeholders regarding the recent decision by the US Department of Labor to suspend new and pending applications under the Permanent Labor Certification (PERM) program. In a formal communication to stock exchanges, the company stated that it does not expect the suspension to have a material impact on its ongoing business operations.
The PERM program is a key component of the labor certification process for foreign workers seeking employment-based permanent residency in the United States. Following the announcement of the suspension, which also affects other unspecified companies, Infosys noted that it is aware of the regulatory decision. The firm expressed a willingness to engage with the US Department of Labor and relevant government agencies to address any questions or requirements that may arise during the suspension period.
Highlighting its operational strategy in the country, the company emphasized that it has focused on cultivating a robust local workforce while establishing technology and innovation hubs across the United States. This investment in local talent is part of a broader commitment to maintaining client services and community engagement within the region, the company stated.
Infosys reiterated its dedication to adhering to all applicable legal and regulatory frameworks in the markets where it operates. While the suspension impacts processing timelines for specific labor certification applications, the firm maintained that its current business model is resilient enough to absorb the regulatory change without significant operational disruption. The statement serves as the company's primary public response to the situation following the Department of Labor's recent announcement.
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