FTC Non-compete rule published in Federal Register
FTC Non-compete rule published in Federal Register
This goes into effect September 4, 2024. Employers with existing non-compete agreements must post the notice on page 163 (38504). After that date you may accept a job offer from anybody, including a direct competitor, and not worry about violating any non-compete agreement.
Whoa. This is freaking huge in the media/entertainment industry.
The company I work for lost a MAJOR customer last fall. Management panicked, and rushed everyone to sign a non-compete agreement. Only after getting all the agreements signed did they let everyone know what had happened, and that there would be massive layoffs.
Fucking psychos had just gone through a huge hiring phase. Some new employees had only been there a matter of months before finding out they would lose their job, and wouldn't be able to get a new one in the same industry unless they waited two years.
At that point i would simply ignore the agreement and see if they try to sue me.
Also pretty huge in tech. Some of the big firms make you sign some nasty non-competes
Now there is one fewer reason to work in California if you're in the tech industry.