Tech firms agree to settle lawsuit over no-hiring pacts
Silicon Valley’s tech giants aren’t going to face that class action lawsuit over no-hiring deals, after all. Adobe, Apple, Google and Intel have all reached a settlement in the case, which would have otherwise headed to trial in late May. The terms of the deal haven’t been revealed, but we wouldn’t be shocked if a significant amount of cash traded hands. The truce is mostly symbolic at this stage — the companies are already required to let headhunters operate freely, so it’s more about compensation than a change in recruiting policies. Still, it’s good news for tech workers who may have been denied better careers and the bigger paychecks to match.
[Image credit: AFP/Getty Images]
Filed under: Misc, Apple, Google, Intel
Source: Reuters, CNBC (Twitter)
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