Tech companies ripping off employees

The US Justice Department is close to confirming that IBM, Google, Apple, Intel and other large tech companies are attempting to hold down compensation for some employees by agreeing not to recruit from each other.

The inquiry is focused on whether companies, particularly in the technology sector, have agreed not to recruit each others’ employees in ways that violate antitrust law.

According to Information Week the probe is concerned that the companies’ hiring practices are costing skilled computer engineers and other workers opportunities to change jobs for higher pay or better benefits.

DoJ investigators started looking at the allegations a year ago. They found that such agreements do raise significant competitive concerns.

The results of the investigation are hush, hush at the moment but Information Week thinks the DoJ could announce their findings soon.