Wipro: US PERM suspension to have no material business impact

Wipro Ltd has clarified that the U.S. Department of Labor's suspension of new PERM applications for certain companies is specific to a permanent residency pathway and distinct from broader skilled talent mobility programs like the H1B Visa. The company does not anticipate any material business impact from this announcement. Wipro highlighted its deliberate localization strategy in the U.S., with over 80% of its workforce locally hired, and reiterated its commitment to investing in local talent and complying with U.S. laws. The company also included standard forward-looking statement disclaimers regarding potential risks and uncertainties.