New FTC Rule Bans ‘Noncompete’ Agreements for Most Employees ...Middle East

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(WASHINGTON, D.C.) — U.S. companies would no longer be able to bar employees from taking jobs with competitors under a rule approved by a federal agency Tuesday, though the rule is sure to be challenged in court. The Federal Trade Commission voted Tuesday 3-2 to ban measures known as noncompete agreements, which bar workers from jumping to or starting competing companies for a prescribed period of time. According to the FTC, 30 million people — roughly one in five workers — are now subject to such restrictions. [time-brightcove not-tgx=”true”] The Biden administration has taken aim at noncompete measures, which are commonly associated with high-level executives at technology a

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