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Tag: Adobe

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Apple & Friends Pay $415M for ‘No-Poaching’ Pact

U.S. District Judge Lucy Koh has approved a $415 million settlement offer by Apple, Google, Adobe and Intel in a Silicon Valley class-action lawsuit alleging that 64,000 tech workers were defrauded by the tech giants conspiring in secret “no-poaching” agreements to suppress tech workers’ wages in “The Valley.”

AP

CEOs of Silicon Valley’s Top Firms Reveal Diversity

Silicon Valley often gets knocked for a lack of diversity, but historically excluded groups are making an impressive showing at the top spot of the most valuable companies. Just looking at the top ten companies based in Silicon Valley by NASDAQ market cap, 40% are run by someone who is a woman, an immigrant, or non-white. By individual demographics, 20% are women, and 30% are foreign-born.