Apple And Tesla Seem To Like Their Employees Poached

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In the super-competitive job market in Silicon Valley, all the big companies resort to some form of employee poaching or the other, given that the ‘sharks' hail from companies like Google, Apple, Oracle, eBay, Amazon, nVidia, Adobe, HP and Electronic Arts.

And there's poaching happening in the auto industry in northern California as well, specifically in the case of Apple and Tesla. The famous electric car company's founder, Elon Musk, supposedly has proof that Apple has offered Tesla employees huge signing bonuses and 60-percent pay hikes.

These frills are no small matter, since the bonuses are in the region of USD 250,000 (around INR 1.5 crore).

However, Tesla is also known to have committed similar poaching, and is in the habit of regularly ‘stealing' employees from Apple to give the company an edge during development of their cars for the future, since cars are set to become more and more like computers.

Story first published: Monday, February 9, 2015, 13:39 [IST]
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