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.
FTC Non-compete rule published in Federal Register
Submitted 1 week ago by DemBoSain@midwest.social to workreform@lemmy.world
https://www.govinfo.gov/content/pkg/FR-2024-05-07/pdf/FR-2024-05-07.pdf
TrueStoryBob@lemmy.world 1 week ago
Whoa. This is freaking huge in the media/entertainment industry.
DemBoSain@midwest.social 1 week ago
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.
fubbernuckin@lemmy.world 1 week ago
At that point i would simply ignore the agreement and see if they try to sue me.
ColeSloth@discuss.tchncs.de 1 week ago
A ton of industries well beyond that. Hell, my propane company I worked for even had non competes.
ruckblack@sh.itjust.works 1 week ago
Also pretty huge in tech. Some of the big firms make you sign some nasty non-competes
BaldProphet@kbin.social 1 week ago
Now there is one fewer reason to work in California if you're in the tech industry.