Silicon Valley

What’s happening in job-hunting, networking and training.

Infosys to Face Record Fine in Visa Case

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Federal officials are expected to hit Infosys with a record immigration fine of approximately $35 million over allegations that the Indian outsourcing company used B-1 visitor visas to bring foreign workers into the country and place them with large corporate clients, according to The Wall Street Journal. Infosys allegedly used the B-1 visitor visa as a means to circumvent the more expensive and difficult to obtain H-1Bs. The Department of Homeland Security and State Department are expected to announce the… continue…

Anti-Poaching Lawsuit Becomes Class Action

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A federal district court granted class-action status in a lawsuit against Apple, Google, Adobe Systems and Intel. The plaintiffs allege the companies worked to suppress compensation by agreeing not to poach each other’s tech workers over a four year period. In 2010, the U.S. Department of Justice, which had initiated a probe into the allegations, reached a settlement with the companies along with Pixar, Intuit and LucasFilm. The following year, a handful of software engineers who were former employees of… continue…

Why VCs Prefer Silicon Valley Investments

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When you’re looking for investors, where you’re working can have an awful lot to do with your success. One reason: More tech companies in Silicon Valley pay off for VCs than in any other region of the country. According to researcher CB Insights, tech companies in Silicon Valley made up 52 percent of the value from the 50 largest venture-backed exits so far this year. If you include Facebook’s IPO, the number rises to 86 percent. Digging In While Silicon… continue…

Facebook to Build Employee Housing

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Facebook plans to offer its employees access to a hip 394-unit apartment complex within walking distance to the company headquarters, complete with its own doggy daycare center and sports bar. The $120 million apartment complex will span 630,000 square feet and feature other amenities including a pool, cabana section, rooftop deck, yoga rooms, concierge service and an “iCafe,” reports the Silicon Valley Business Journal. The cafe, doggy daycare and sports bar will be housed in a 13,000 square foot section… continue…

Accounting Software Maker Xero Hiring in S.F.

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Online accounting software company Xero has moved its U.S. headquarters in San Francisco to a new facility in the city’s Jackson Square neighborhood. The San Francisco Business Times reports that the company has leased 25,000 square feet at 101 Green Street, where 65 of the company’s 100 U.S. employees work. Jamie Sutherland, president of Xero U.S., told the newspaper that Xero would be hiring staff in engineering, marketing and sales during the coming year. “We’re all gassed up and ready… continue…

Cisco to Lay Off 1,022 Workers in San Jose

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Cisco Systems is poised to lay off 1,022 workers at its San Jose, Calif., campus on Friday, according to a filing with the State of California. The cuts are part of Cisco’s previously announced plans to slash 4,000 workers from its payroll beginning this quarter. Heading into an uncertain economic environment and determined to keep its expenses in check against any softening sales, the networking giant is cutting 5 percent of its workforce. Although Cisco is bracing itself for tough… continue…

GE Expands Software Center Hiring Plans

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Driven by greater-than-expected sales, General Electric will hire more programmers and engineers than it had anticipated at its software development center in San Ramon, Calif. Bloomberg reports that a total of 800 people will work there on programs that compile and analyze data from jet engines, locomotives and wind turbines. Since 2011, the center’s staff has grown from four to between 600 and 700 now. Initially, the company had expected a total of 400 people to work at the center.… continue…

CA Technologies Hiring in Santa Clara

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CA Technologies is hiring more than 100 people locally for the company’s Santa Clara, Calif., location, says SiliconBeat. The additions will increase the location’s workforce by about 50 percent. The Islandia, N.Y.-based company has 271 full-time employees in Santa Clara now and is looking to expand the staff there to 400, a company spokeswoman said. She added that all of the new hires would be from the area. CA Technologies is looking for Developers, Engineers, Researchers and Product Managers. New… continue…

Does Facebook Get Credit for San Mateo Pay Surge?

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Although Silicon Valley’s San Mateo County ranks fifth among the nation’s largest 334 counties when it comes to average weekly wages, it posted the largest jump in first quarter salary over the previous year, according to the Bureau of Labor Statistics. Home to tech names like Oracle, Electronic Arts and Facebook, the county posted a 14.8 percent increase in average weekly wages during the first quarter. That’s far higher than the national average increase, which was a scant 0.6 percent… continue…

VC Altman: ‘Hot Girls’ Only Part of the Bubble Picture

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Sam Altman’s recently spotlighted comments about tech companies hiring “hot girls” to recruit engineering talent was “meant somewhat tongue in cheek, although it’s a real phenomenon,” he told Dice News. When asked about how often this takes place, he said, “I don’t think it’s super common.” The real meat of his blog post: “Maybe now we’re actually in the early stages of a startup bubble.” The venture capitalist and former Loopt CEO pointed to such signs as unsustainable high valuations… continue…