Vice President JD Vance announces the suspension of Microsoft's (MSFT) PERM program, blocking the tech giant from sponsoring H-1B visa holders for permanent US residency after alleging the company replaced laid-off American employees with foreign workers. Video Transcript 00:00 Speaker A Our message to Microsoft is, you're a great American company, but you've got to hire great American workers. Microsoft laid off last year 6,000, 6,000 American workers. At the same time, the company benefited from 6,300 H-1B visas and almost 3,000 green cards. In other words, if you do the math, for every worker that Microsoft laid off, they replaced that worker with one and a half foreign indentured servants.
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