BREAKING: The FTC just banned non-compete agreements.
The Federal Trade Commission has issued a final rule making it illegal for bosses to make workers sign noncompetes in any scenario, and voiding nearly all existing noncompetes.
The FTC just banned noncompete agreements nationwide. These prevent tens of millions of employees from working for competitors or starting a competing business after they leave a job. This is huge.
BREAKING 🚨: The FTC just banned non-compete agreements.
Employers can no longer require workers to sign them. Furthermore, the ruling has rendered the vast majority of existing non-compete agreements null and void.
🚨The FTC is finalizing a rule banning noncompete clauses for *all workers* regardless of income or industry. It will increase pay, new business formation, innovation -- and cut health care costs. It's one of the most important things the Biden Administration has done.
BREAKING: The FTC just banned non-compete agreements, per MorePerfectUnion.
The Federal Trade Commission has issued a final rule making it illegal for bosses to make workers sign noncompetes in any scenario, and voiding nearly all existing noncompetes.
The Federal Trade Commission (FTC) just voted 3-2 to ban noncompete agreements that prevents upwards of 30 million employees from working for competitors or opening a competing business.
The FTC estimates that around 18% of the U.S. workforce is covered by