<story><title>No joke: FTC boss goes on the Daily Show and is told Apple tried to block her</title><url>https://www.theregister.com/2024/04/02/ftc_boss_apple_daily_show/</url></story><parent_chain><item><author>bko</author><text>What is &amp;quot;hoarding of talent&amp;quot;? These are human beings and they have a right to work where they want. Let&amp;#x27;s be clear, apple &amp;quot;hoards&amp;quot; talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn&amp;#x27;t have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.</text></item><item><author>bdw5204</author><text>This really isn&amp;#x27;t that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising. They really should have to pay damages in the 6 to 7 figure range to each developer who&amp;#x27;s been looking for work in the mid 2022 to present tech recession that they caused via their monopoly power.</text></item></parent_chain><comment><author>ceejayoz</author><text>&lt;a href=&quot;https:&amp;#x2F;&amp;#x2F;www.cnet.com&amp;#x2F;tech&amp;#x2F;tech-industry&amp;#x2F;apple-google-others-settle-anti-poaching-lawsuit-for-415-million&amp;#x2F;&quot; rel=&quot;nofollow&quot;&gt;https:&amp;#x2F;&amp;#x2F;www.cnet.com&amp;#x2F;tech&amp;#x2F;tech-industry&amp;#x2F;apple-google-others-...&lt;/a&gt;&lt;p&gt;&amp;gt; Apple, Google, Intel, and Adobe will shell out $415 million to put to rest an antipoaching civil lawsuit that accused the companies of conspiring not to hire each other&amp;#x27;s employees.&lt;p&gt;&amp;gt; Filed by former employees of the companies involved, the lawsuit shed a light on the practice of some major tech industry players of allegedly working together to agree not to poach employees from each other. The affected employees had argued that such agreements limited their ability to rise up in the industry and stifled their attempts to earn higher salaries. Email exchanges among such top executives as late Apple co-founder and CEO Steve Jobs and former Google CEO and now executive chairman of Alphabet Eric Schmidt revealed how requests were made not to hire certain employees away from each other.</text></comment>
<story><title>No joke: FTC boss goes on the Daily Show and is told Apple tried to block her</title><url>https://www.theregister.com/2024/04/02/ftc_boss_apple_daily_show/</url></story><parent_chain><item><author>bko</author><text>What is &amp;quot;hoarding of talent&amp;quot;? These are human beings and they have a right to work where they want. Let&amp;#x27;s be clear, apple &amp;quot;hoards&amp;quot; talent by offering them competitive pay and benefits. If others want to compete they should offer something as compelling. It doesn&amp;#x27;t have to be money, I personally left for less money multiple times. It could be working on an interesting problem or with smart people.</text></item><item><author>bdw5204</author><text>This really isn&amp;#x27;t that surprising. The FAANGs, including Apple, have committed serious anti-trust violations especially their hoarding of talent during the 0% interest rate years to prevent them from starting competitors then freezing hiring and laying off en masse once the interest rates started rising. They really should have to pay damages in the 6 to 7 figure range to each developer who&amp;#x27;s been looking for work in the mid 2022 to present tech recession that they caused via their monopoly power.</text></item></parent_chain><comment><author>ghaff</author><text>This is basically a complaint that they hired too many developers and overpaid them--and now some of those developers who left or were laid off can&amp;#x27;t find as ridiculously well-paid jobs somewhere else. I&amp;#x27;m pretty sure there are plenty of jobs out there; they probably just don&amp;#x27;t pay as well or are as prestigious.</text></comment>