DOJ Settles With Tech Firms Over Hiring Practices

"The Department of Justice has announced a settlement with Adobe, Apple, Google, Intel, Intuit and Pixar over charges that the Silicon Valley firms had an informal set of agreements not to hire away each other's top talent.

"The settlement specifically prevents the six firms from entering into any so-called no-solicitation agreements in hiring employees.

"According to the DOJ's original complaint, the companies had an understanding that kept them from directly soliciting each other's employees. If true, the practice could have had the effect of keeping wages and opportunities down because it would prevent the kind of true competitive bidding for talent that would occur without such backdoor agreements."

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