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From the article here it looks like people will stay on payroll until early 2023. They won't work but have to abide by Twitter's internal agreements.

Does anyone know if part of these agreements includes not seeking other employment (a typical clause these days)?

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That’s not a typical clause and specifically illegal in California.

A more common clause in California employment contracts for salaried employees limits outside employment to work that does not interfere with one’s job responsibilities, based on the idea that as a salaried employee that job should be your primary job

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