In the technology industry, the right skills carry big salaries and competition for able employees can be fierce. Just as fierce, are the legal ramifications when employers collude to keep salaries artificially low. That ferocity was felt by some big names this week as, Adobe Systems, Intel, Google and Apple settled a three-year-old class action lawsuit with 64,000 employees for allegedly conspiring to suppress worker pay.
The tech giants are accused of working together to prevent engineers and other skilled laborers from switching to better paying jobs with other companies within the circle. The settlement prevents probes that may have sullied the reputations of top-brass executives at these companies, including the late Steve Jobs.