Thread regarding Bank of New York Mellon Corp. layoffs

Non compete

Are we in non competes?

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Post ID: @OP+1qDlTBvQ

7 replies (most recent on top)

@OP

Not at all in a noncompete… we compete like he-l to be the first out at 5:00 every day.

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Post ID: @5ans+1qDlTBvQ

@1NT, very few people have contracts too.

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Post ID: @2lwj+1qDlTBvQ

@1yub, they can't enforce non-compete even if you leave on your own.

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Post ID: @1guw+1qDlTBvQ

This also brings up a question, how long between time Robin left Goldman and he started here? Surely at his level Goldman had him in a non-compete.

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Post ID: @1nlf+1qDlTBvQ

The non-solicit was in the horrible ‘you must give 30 day notice’ (grade-dependent) thing they forced us to sign last year. Non-solicit is different than non-compete and they can’t enforce a non-compete if they lay you off. They can’t prevent you from getting employment elsewhere if they laid you off and you have no job. Although many say they’re hard to enforce even if you quit, though I’m no lawyer.

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Post ID: @1yub+1qDlTBvQ

I never signed a non-compete but my letter agreement for sub pay has a 1 year non-solicit clause.

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Post ID: @1woa+1qDlTBvQ

That would depend on your role. Very, VERY few people have non-compete terms in their contracts, nothing that we mere mortals have here.

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Post ID: @lnt+1qDlTBvQ

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