Facebook Disrupted Silicon Valley Wage-Fixing Pact, Court Docs Reveal

Documents released in the Silicon Valley wage-fixing case reveals that Facebook was seen by Google, Apple, Adobe and other tech giants as a threat to their mutual no-hire agreement. Facebook, never a part of the multi-firm pact that effectively kept tech worker salaries artificially suppressed, was such a threat that Google considered sending its co-founders to recruit from Facebook staff, the documents and emails reveal. Ultimately the idea was quashed internally by fears the efforts would be leaked and wouldn’t make for good PR. The tech firms reached a $324 million settlement in the antitrust class action, far less than the $9 billion sought by workers – but the agreement has not yet been approved by U.S. District Judge Lucy Koh.