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The FTC has banned noncompete agreements - The Verge

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By Emma Roth, a news writer who covers the streaming wars, consumer tech, crypto, social media, and much more. Previously, she was a writer and editor at MUO. 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 agreements. (The FTC defines senior executives as workers in “policy-making” decisions who earn more

Labor Labor Posts from this topic will be added to your daily email digest and your homepage feed. Follow See All Labor News News Posts from this topic will be added to your daily email digest and your homepage feed. Follow See All News Policy Policy Posts from this topic will be added to your daily email digest and your homepage feed. Follow See All Policy The FTC has banned noncompete agreements Most existing noncompete clauses will also be voided. Most existing noncompete clauses will also be voided. by Emma Roth Emma Roth News Writer Posts from this author will be added to your daily email

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