The FTC has banned noncompete agreements

Photo collage of Congress.
Illustration by The Verge | Picture through Getty Photographs

The Federal Commerce Fee has voted to ban noncompete agreements nationwide, saying that they’re an “unfair methodology of competitors.”

Noncompete agreements — which try to forestall staff from working for or beginning competing companies — are particularly prevalent on this planet of tech, the place we’ve seen firms like Amazon implement after which retract a noncompete settlement for warehouse employees. Acer even sued its former CEO for allegedly breaching a noncompete coverage by turning into a marketing consultant for Lenovo.

The change will power firms to reverse present noncompete agreements and notify staff concerning the change. Present noncompete agreements for senior executives can keep in place, however firms can’t enter or implement new…

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