Miami non-competes just got very restrictive

Discussion in 'Wall St. News' started by newwurldmn, Jul 9, 2025 at 5:37 AM.

  1. newwurldmn

    newwurldmn

    the bank I worked at had garden leaves and non-competes but differentiated from being fired, quitting for another job, retiring, and job elimination.
     
  2. zdreg

    zdreg

    You are likely the original Carlos Danger.:D
     
  3. newwurldmn

    newwurldmn

    my name isn’t Carlos danger danger.
     
  4. Tuxan

    Tuxan

  5. demoncore

    demoncore


    That's why he moved ops to Florida. Pay that money and see an entire desk get poached?
     
  6. newwurldmn

    newwurldmn

    Yeah. Couldn't get away with this law in Chicago or NY or SF. But in FL...
     
    demoncore likes this.
  7. 2rosy

    2rosy

    Never heard of a 4 year non-compete. Usually they're 6months to a year. Also, on boarding at a new firm takes while or even setting things up if you decide to start something takes a while. So you might be able to do that during garden leave. Either way if an employee leaves and tries to do something they end up getting sued.
     
  8. nitrene

    nitrene

    I think in California Big Tech had a lot of companies in these contracts and in 2011 I believe they lost a big case here it was deemed nullified. I think a few years later California codified it by making non competes unenforceable.

    Of course it didn't help their case when Big Tech was also colluding to not hire competitors aka Salary Collusion. Even Steve Jobs plead guilty to Collusion.

    That's also how famed labor lawyer Marvin Mitchelson was able to sue the MLB and usher in Free Agency in the 1970s.
     
  9. ph1l

    ph1l

    https://www.businessinsider.com/florida-made-it-harder-highly-paid-workers-to-swap-jobs-2025-7
     
  10. zdreg

    zdreg