Re:FTC intends to ban noncompete clauses that bind 30M US wo...
by tpankaj on Saturday January 07, 2023 @12:47PM
(#34290554)
I think the fear is a bit overblown. California already doesn't allow non-competes as far as I know.
Re:FTC intends to ban noncompete clauses that bind 30M US wo...
by tssva on Saturday January 07, 2023 @02:24PM
(#34291630)
There are already criminal and civil remedies available if trade secrets or IP are misused. Preventing employees from taking other employment based upon some hypothetical possibility is Minority Report territory and should not be socially acceptable.
FTC is probably overdoing this though; I sat out a full year on a compensated noncompete couple years back for a very good reason and the use case is still very much there for industries with sensitive information.
Proscribing noncompetes will make hiring very difficult going forward - one bad hire and your alpha walks out of the door...