Connect with us

Hi, what are you looking for?

Brilliant AchievementBrilliant Achievement

Tech News

The FTC has banned noncompete agreements

Photo collage of Congress.
Illustration by The Verge | Photo via Getty Images

The Federal Trade Commission has voted to ban noncompete agreements nationwide, saying that they are an “unfair method of competition.”

Noncompete agreements — which attempt to prevent employees from working for or starting competing businesses — are especially prevalent in the world of tech, where we’ve seen companies like Amazon enforce and then retract a noncompete agreement for warehouse workers. Acer even sued its former CEO for allegedly breaching a noncompete policy by becoming a consultant for Lenovo.

The change will force companies to reverse existing noncompete agreements and notify employees about the change. Existing noncompete agreements for senior executives can stay in place, but companies can’t enter or enforce new…

Continue reading…

Join The Exclusive Subscription Today And Get Premium Articles For Free
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

You May Also Like

Tech News

The Dbrand Ghost Case for the iPhone 15 Pro. | Image: Dbrand Dbrand is scrapping plans to fix its anti-yellowing Ghost Case, but not...

Tech News

We put the Roborock S8 MaxV Ultra head-to-head against the DreameBot X30 Ultra to find out which of these Roomba competitors’ flagship robot vacuums...

Tech News

The Kindle Scribe comes with a stylus to take notes and is nearly $100 off. | Image: Amelia Holowaty Krales / The Verge When...

Editor's Pick

In this edition of StockCharts TV‘s The Final Bar, Dave recaps another strong day for stocks as the S&P 500 regains its 50-day moving average. He...