All Tech Companies Together

All Tech Companies Together

It is the talk of the town that a high scale negotiation is taking place among some of Internet juggernauts. Apple and Google etc. are over the accusations that they were involved in a decade-long collusion to prevent their employees from being hired at rival companies. The employees filed a class-action suit, contending that the illegal hiring practices cost employees $9 billion in lost wages. Now these companies are busy in mediation sessions hoping to settle the issues. The question is how much will Apple, Google, Intel, and Adobe ultimately pay. The companies privately scoff at the $9 billion figure. The employees, who number around 1,00,000, suggest that the facts are so embarrassing that they won’t settle for anything less than a blindingly high number. It is on the record that Steve Jobs, the chief executive of Apple at the time, made his intentions clear to prevent his company from hiring away employees from his enemy and vice versa. Probably, he was not in favor of trusting employees of enemy firms nor he wanted his employees to work for their enemy firms. It may be hard to sympathize with the engineers working in these companies and earning about 6 figured salary per month on how much they lost by this no-hiring collusion. It is possible that both sides will present their own number of estimates, but at $9 billion that would mean that each of the 1,00,000 employees owned $90,000.

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