Connect with us

Hi, what are you looking for?

Gain That FlavourGain That Flavour

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…

You May Also Like

Editor's Pick

David J. Bier The House of Representatives impeached Department of Homeland Security (DHS) Secretary Alejandro Mayorkas, and now some senators are pressing to hold...

Politics

War between Iran and Israel would be to no one’s benefit in the region as it would likely end up in a pitched battle...

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...

Editor's Pick

Patrick G. Eddington One point I always make when talking about national security issues, and especially those involving surveillance powers, is this: when in doubt,...