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The end of non-compete agreements is a tech job earthquake
The FTC ruled this week that companies can no longer use non-compete agreements to stop workers from moving from one job to another — and businesses are having fits.
Frankly, I didn’t think the Federal Trade Commission (FTC) had the guts to ban non-compete agreements that prevent many workers from joining rival companies. After all, the agency claims, “Trade secret laws and non-disclosure agreements (NDAs) both provide employers with well-established means to protect proprietary and other sensitive information. That’s why, while way too many CEOs are having conniptions at the moment, business and law-savvy groups such as the US Chamber of Commerce immediately sued the FTC, seeking to overturn the decision.
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