DOJ Strikes Down No-Poach Deals Among Big Tech Companies

Tech companies often say it's hard to retain good talent. So, Google, Intel, Apple, Pixar, Intuit, and Adobe tried to make it a little easier on themselves by cutting deals in which they agreed not to recruit each other's employees. The Department of Justice found the no-poach deals a no-go, calling them anticompetitive.

Yesterday, the agency announced that they'd reached a settlement with the companies to end the practice.

The U.S. Justice Department has struck down agreements that prevented some of the largest tech companies in the world from poaching employees from each other in a settlement today that included heavy hitters like Google, Intel and Apple.

Six major tech companies, including those listed above and Pixar, Intuit and Adobe, agreed among themselves to refrain from cold-calling employees at other companies and attempting to recruit them -- a practice that stifles competition for highly skilled workers, according to the Department of Justice.

Apple made deals with Pixar, Adobe and Google, while Google had separate agreements with Intel and Intuit to avoid soliciting employees by phone in an attempt to recruit them, according to a filing made in the lawsuit.

Read the full story at VentureBeat.