
Elon Musk’s X Corp Reaches Tentative $500 Million Settlement in Severance Lawsuit by 6,000 Former Twitter Employees After 2022 Layoffs
Elon Musk and his social media company X Corp, formerly known as Twitter, have reached a tentative settlement to resolve a $500 million class-action lawsuit filed by approximately 6,000 former Twitter employees. The lawsuit alleged that these employees were owed severance pay following mass layoffs after Musk's acquisition of Twitter in 2022, which saw nearly 60% of the workforce cut. The settlement aims to address claims that severance payments were withheld or denied in violation of required notice procedures during the layoffs. The exact terms and individual payout amounts of the settlement have not been disclosed. This agreement comes amid ongoing scrutiny of Musk's management practices at Twitter and follows a broader context of legal challenges involving Musk's companies.
Sources
- ロイター
米テスラ、自動運転死傷事故で6000万ドルの和解案却下 https://t.co/k9I9r2IswY https://t.co/k9I9r2IswY
- Reuters Legal
Billionaire Elon Musk’s electric vehicle company Tesla rejected a $60 million settlement proposal in a lawsuit over the 2019 fatal crash of an Autopilot-equipped Model S before a jury this month awarded a $243 million verdict in the case. https://t.co/J3ZmW6Aoeh
- Reuters
Tesla rejected $60 million settlement before losing $243 million Autopilot verdict https://t.co/kjthQ4XS58 https://t.co/kjthQ4XS58
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