Statement on U.S. PERM application suspension: no material business impact anticipated
Wipro has clarified the U.S. Department of Labor's suspension of new PERM applications for certain companies.
By ScoutQuest · · 1 min read
- Regulatory Action
- U.S. Department of Labor's suspension of new PERM applications for certain companies
- US Workforce Locally Hired
- More than 80% of its U.S. workforce is locally hired
- Impact Assessment
- does not anticipate any material business impact
The U.S. Department of Labor's recent announcement suspended new PERM applications for certain companies. Wipro has issued a statement explaining what this means for it.
What the company said
- The announcement relates to a specific permanent residency pathway and is distinct from broader skilled talent mobility programmes such as the H1B Visa.
- Wipro does not anticipate any material business impact from the announcement.
Why it expects limited impact
- Over the years, the company has pursued a deliberate localisation strategy in the U.S., with more than 80% of its workforce in the country locally hired.
- It says it remains committed to investing in local talent, complying with all applicable U.S. laws and regulations, and ensuring business continuity for its clients.
What PERM is
- The Permanent Labor Certification (PERM) programme is a step an employer takes in sponsoring an employee towards U.S. permanent residency. It is separate from the H-1B visa, which is a temporary work visa for skilled professionals.
What sits alongside the statement
- The release carries a forward-looking statements note. It says Wipro's beliefs about future events are inherently uncertain and outside its control, and the risks it lists include restrictions on immigration and the company's ability to attract and retain highly skilled professionals.
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More numbers
- Share of U.S. workforce locally hiredmore than 80%
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