FTC cracks down on companies that impose harmful noncompete restrictions
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Re: FTC cracks down on companies that impose harmful noncompete restrictions
#2FTC seems to be down right now, but The Archive has it already:
http://web.archive.org/web/20230104170101/https://www.ftc.go...
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#3FTC seems to be down right now, but The Archive has it already: http://web.archive.org/web/20230104170101/https://www.ftc.go...
One paragraph halfway down has this information-dense summary:
> In its complaints, the FTC said the restrictions constituted an unfair method of competition under Section 5 of the FTC Act. In each case, the FTC has ordered the companies to cease enforcing, threatening to enforce, or imposing noncompete restrictions on relevant workers. They also are required to notify all affected employees that they are no longer bound by the noncompete restrictions.
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#4We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills.
If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#5FTC seems to be down right now, but The Archive has it already: http://web.archive.org/web/20230104170101/https://www.ftc.go...
Thank you
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#6We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills. If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
Whole heartedly agree.
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#7We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills. If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
That still is anticompetitive.
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#8We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills. If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
Then how would a company protect it's trade secrets?
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#9We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills. If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
Then how would a company protect it's trade secrets?
Using an NDA like everyone else.
Re: FTC cracks down on companies that impose harmful noncompete restrictions
#10We really need general regulations on non-competes. Bare minimum, it should be required that a company pay you a full salary if they want to block you from seeking employment elsewhere with your skills. If a company really cares that much about stopping competitors from taking advantage of your skillset, they need to be willing to pay up.
Then how would a company protect it's trade secrets?
An NDA, same way they do now.