Economy
US Suspends Cognizant Green Card Filings Over Visa Fraud Probe

US Suspends Cognizant Green Card Filings Over Visa Fraud Probe

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THE BRIEF
1

The US government has suspended permanent labor certification filings for Cognizant and Cloudera pending an investigation into alleged visa abuse.

2

The probe focuses on potential fraud within the PERM application process, which is critical for foreign workers seeking permanent residency.

3

Cognizant shares faced downward pressure as the company prepares to address the regulatory scrutiny regarding its immigration compliance practices.