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It just happened with Windsurf and Google.
by scarface_74 1y ago
It just happened with Windsurf and Google.
- benreesman 1y agoWindsurf getting "bought" such that the employees got nothing is a great recent example of why you want Lina Khan seeing to it that a healthy and well-regulated M&A market is in effect. That's precisely the kind of lowbrow shit you can thank her bought and paid for successors for bringing you the next decade's worth of.
- JustExAWS 1y agoSo now you think the government should stop companies from hiring people? Isn’t that the sane thing we (rightfully) criticized Apple, Google, Adobe and a few other companies for doing in the Jobs era when they had an anti poaching agreement?
- Dylan16807 1y ago> So now you think the government should stop companies from hiring people? What do you mean "now"? That's a major part of what it means to regulate acquisitions. So yes they should continue to regulate this extremely narrow slice of hiring. > Isn’t that the same thing Only if we oversimplify the scenario all the way down to "hiring". And if we do that, there's thousands of laws that prevent hiring people in all sorts of situations.
- JustExAWS 1y agoIt wasn’t an acquisition - Google offered the employees they wanted a shit ton of cash to leave. What laws keep companies from hiring people they want to hire who are legally allowed to work in the country? This is exactly what Google did, it hired employees.
- Dylan16807 1y agoThis wasn't an acquisition, but it was really close to one. Whether or not the laws cover it right now, expanding acquisition laws into hiring out the core of a company would not be a big expansion. It wouldn't be a sea change in what types of hiring the FTC has control over.
- JustExAWS 1y agoSo now you want companies to seek government approval before they can hire a certain number of people from a company? What if Google wanted to hire me and 3 buddies from our startup but didn’t want to hire the secretary or more realistically they only needed the backend developers. But didn’t care about hiring the web developer? Who exactly does that benefit? Not the employees. Maybe the investors? Do you really want the government to restrict who can be hired from a company or better yet, whether employees can accept better offers from another company? That’s only the other side of the coin of restricting employee movement based on non competes.
- Dylan16807 1y ago> seek government approval before There's a neighboring comment that used almost the exact same wording that I already replied to. In short: No. > What if Google wanted to hire me and 3 buddies from our startup but didn’t want to hire the secretary or more realistically they only needed the backend developers. But didn’t care about hiring the web developer? Is your startup like 10 people? Worth much less than a billion dollars? Then it's not big enough to be a problem.
- raw_anon_1111 1y agoSo what laws do you suggest that the government pass that both stop Google from offering me a highly skilled and sought after AI professional (not really, we are speaking hypothetically) or my team and don’t suppress my ability to make as much money as the market will give me?
- terminalshort 1y agoNo, it really isn't. It's not remotely the FTCs job to regulate that type of thing, and I really don't think you would want it to be. Would you rather have a system where competing companies have to get government approval before extending offers to you? You know who would love that system? Google.
- Dylan16807 1y ago> have to get government approval before That is not the only form of regulation, and not the form that would be applied here. This would be after the fact, going after companies that try to pull things like this.
- terminalshort 1y agoBut companies should be able to pull things like this. If a company isn't paying market rate I see no problem with a competitor destroying it by hiring away all its best employees.
- Dylan16807 1y agoIf a competitor gets too big and is using its money to remove competition before it can be challenged, that's a problem. In normal competitive situations this rule wouldn't apply. If one company wants the assets and employees of another company they can go ahead and buy it. And any company can offer better jobs as plain old jobs. The negotiation here was not just some high end job openings.
- scarface_74 1y agoThere was no world where Windsurf was going to challenge Google and the same is true for the examples. These were regular old job offers. At any time, any of the employees could have stayed at Windsurf instead of taking a lot more money from Google. Google didn’t want the “assets”. Google wanted the people. Even then they only wanted the best people.
- aprilthird2021 1y agoYou think Google could have but didn't acquire Windsurf, and instead hired away the top talent and discarded the rest because of regulatory scrutiny? Is there any proof of this at all?