Market News / Story
Key facts: Microsoft (MSFT) PERM Suspension; Cloud +27%; 3,200 Cuts
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U.S. Department of Labor suspended Microsoft (MSFT) from the PERM program amid federal investigations, blocking new and pending permanent labor certification filings tied to H-1B sponsorship. Microsoft (MSFT) saw Azure and Intelligent Cloud revenue jump 43% year‑over‑year. Total Microsoft Cloud sales rose 27% to $59.3B this quarter; Azure exceeded $100B in annual revenue. Microsoft (MSFT) is restructuring its gaming unit under CEO Asha Sharma and plans about 3,200 job…