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How the FTC’s Noncompete Ban Will Affect Bosses and Workers

Posted

May 2, 2024

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For decades, noncompete employment agreements have prevented all sorts of workers — doctors, engineers, even hair stylists — from easily switching jobs. That may soon change after the US Federal Trade Commission approved a near-total ban on such provisions. The move was cheered by President Joe Biden but pilloried by business groups like the US Chamber of Commerce, which immediately sued to block the ban. As the legal challenge plays out, employers and employees were trying to make sense of the 570-page rule and gauge its impact.

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How the FTC’s Noncompete Ban Will Affect Bosses and Workers · Bloomberg News · Sentinel