FTC votes to ban noncompete agreements
Voted by the Federal Trade Commission (FTC) Tuesday’s 3-2 vote bans noncompete agreements that prevent tens of millions of employees from working for competitors or starting competing businesses after leaving their jobs. From fast food workers to CEOs, the FTC estimates 18% of the US workforce Approximately 30 million people are covered by non-compete agreements. […]
FTC votes to ban noncompete agreements despite business groups’ vow to sue
U.S. companies will no longer be able to prevent employees from taking jobs at competitors under rules approved by a federal agency on Tuesday, but the rules are certain to be challenged in court. The Federal Trade Commission voted 3-2 on Tuesday to pass a resolution banning measures known as “noncompete agreements,” which prohibit employees […]
FTC votes to ban noncompete agreements: What to know
The Federal Trade Commission voted 3-2 Tuesday to ban most non-compete agreements, marking a watershed moment for American workers facing an uncertain future. These common agreements currently prohibit employees from leaving their jobs to work for a competitor or start a competing business. The new rules will prevent companies from using them in the future […]