Antitrust Probe of Tech Giants' Hiring Practices Intensifies

[The Straight Story]

Antitrust Probe of Tech Giants' Hiring Practices Intensifies

Does Google (GOOG) have an agreement with Apple (AAPL) that it won't hire one anothers' employees even though the companies are rivals? Does Intel (INTC) have an similar agreement with IBM (IBM)? The Justice Dept. believes that these kinds of arrangements are common among tech giants, and it has significantly stepped up an investigation that may prove it.

According to The Wall Street Journal, "the probe is looking into whether the companies' hiring practices are costing skilled computer engineers and other workers opportunities to change jobs for higher pay or better benefits." Essentially, an employee could be "trapped" at one company because of agreements among large hardware and software makers.

Dampening Pay Growth?

The paper says the companies being investigated include "Google Inc., Intel Corp., International Business Machines Corp., Apple Inc. and IAC/InterActiveCorp. (IACI), people familiar with the matter said."

http://www.dailyfinance.com/story/careers/antitrust-probe-of-tech-giants-hiring-practices-intensifies/19434347/

[Cessna Invesco Palin]

1. I know someone in an engineering position who switched from Google to Apple...

...just a few months ago.