US DoJ probes tech companies’ hiring practices-WSJ

NEW YORK, April 9 (BestGrowthStock) – The U.S. Justice Department
is investigating whether some of the biggest technology
companies agreed not to recruit each others’ employees,
violating antitrust laws, the Wall Street Journal reported on
Friday.

The investigation is looking into hiring practices at
companies including Apple Inc (Read more about Apple stock future.) (AAPL.O: ), Google Inc (Read more about Google Stock Analysis) (GOOG.O: ),
IAC/InterActiveCorp (IACI.O: ), International Business Machines
(IBM.N: ) and Intel Corp (INTC.O: ), the newspaper reported.

In particular, the Justice Department is investigating
whether computer engineers and other workers have missed
opportunities to move to better-paying jobs because of these
companies’ hiring practices, the WSJ said, citing people
familiar with the matter.

The antitrust division of the Justice Department has not
yet decided how or whether to challenge the hiring practices,
these people told the WSJ.

Top officials from the department will meet with about a
dozen companies this week and next as part of its
investigation, the newspaper reported.

A spokeswoman for the Justice Department did not
immediately respond to an email seeking comment. The companies
named did not immediately respond to emails and voice messages
seeking comment.

Stock Research

(Reporting by Elinor Comlay; Editing by Alex Richardson)

US DoJ probes tech companies’ hiring practices-WSJ