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AI talent war is the stuff of Steve Jobs' nightmares

Financial Express Kochi

|

July 08, 2025

YOU WOULDN'T HAVE exactly called the late Steve Jobs a "man of letters," but he certainly loved a searing email.

- Bloomberg

One of the Apple Inc. co-founder's most famous writings is this 2005 memo to Bruce Chizen, Adobe Inc.'s chief executive officer at the time:

Bruce,

Adobe is recruiting from Apple. They have hired one person already and are calling lots more. I have a standing policy with our recruiters that we don't recruit from Adobe. It seems you have a different policy. One of us must change our policy. Please let me know who.

Steve

The email, along with many others, was submitted as evidence in a fascinating legal saga between the Department of Justice's antitrust unit, eight Silicon Valley companies, and tens of thousands of tech employees who contended their earnings were repressed because of this collusion between company bosses. The companies—Apple, Adobe, Google, Intel, Intuit, eBay, Pixar, and Lucasfilm—were ultimately forced to pay almost $500 million in settlements.

FLERE HISTORIER FRA Financial Express Kochi

Financial Express Kochi

Delhi most polluted,60% districts in India breach annual PM2.5 limits

DELHI RANKED AS the most polluted among 33 states and Union territories with an annual mean PM2.5 concentration of 101 micrograms per cubic metre, 2.5 times the Indian standard and 20 times the WHO guideline, according to a new satellite-based analysis.

time to read

1 min

November 26, 2025

Financial Express Kochi

'With Sierra, we're targeting SUV market share of 20-25%'

Tata Motors relaunched the Sierra on Tuesday. Shailesh Chandra, MD and CEO, Tata Motors Passenger Vehicles, tells Akbar Merchant the SUV should appeal to younger buyers looking for something different in terms of styling, a premium feel and who want their SUVs to reflect their personality. Excerpts:

time to read

1 mins

November 26, 2025

Financial Express Kochi

Labour codes to push social security cover to 85% in 3 yrs: SBI Research

THE IMPLEMENTATION OF the four new labour codes will boost social security coverage to 85% in next 2-3 years and would generate additional employment for 7.7 million people, a report by the State Bank of India Research said on Tuesday. It, however, cautioned about the possibility of short-run frictions followed by medium-run gains as compliance costs fall and formal hiring expands.

time to read

1 mins

November 26, 2025

Financial Express Kochi

Centre considering import tariff on some steel goods

THE GOVERNMENT IS considering extending an import tariff, locally known as a safeguard duty, on some steel products to counter cheaper imports primarily from China, according to a source with direct knowledge of the matter.

time to read

1 min

November 26, 2025

Financial Express Kochi

The quest for cultural relevance

LIVE EVENTS CAN PROVIDE A SPIKE IN SALES AND VISIBILITY BUT ARE YET TO EMERGE AS A MAJOR REVENUE STREAM

time to read

3 mins

November 26, 2025

Financial Express Kochi

PSB chiefs told to expedite pending IBC cases at NCLT

TOADDRESS DELAYS in pending Insolvency and Bankruptcy Code (IBC) cases at the National Company Law Tribunal (NCLT), financial services secretary M Nagaraju on Tuesday asked public sector banks (PSBs) chiefs to strictly adhere to timelines for admitting corporate insolvency resolution process (CIRP) applications and completing resolutions, the finance ministry said.

time to read

1 min

November 26, 2025

Financial Express Kochi

Mini-grid firm Husk to raise $400 mn

HUSK POWER SYSTEMS, the world's biggest solar mini-grid operator, has begun an industry-record capital raise of $400 million as it seeks to grow revenue tenfold by 2030 and prepare for an initial public offering.

time to read

1 mins

November 26, 2025

Financial Express Kochi

Ayni exit may limit regional outreach

As geopolitical competition intensifies in Central Asia, India will have to prioritise transparent and reliable connectivity strategies

time to read

3 mins

November 26, 2025

Financial Express Kochi

NPCI arm to roll out value-added financial services on BHIM app

NPCI BHIM SERVICES (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), will soon roll out value-added financial services on the Bharat Interface for Money (BHIM) app platform, beginning with credit cards.

time to read

1 mins

November 26, 2025

Financial Express Kochi

India's climate action must fuel growth, says CEA

INDIA'S ENERGY TRANSITION and climate action must be firmly aligned with national development priorities and cannot come at the cost of economic momentum, Chief Economic Advisor V Anantha Nageswaran on Tuesday said, adding that the economy set to cross the $4-trillion mark in the current fiscal.

time to read

1 min

November 26, 2025

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