Elon Musk's X Reaches Tentative $500 Million Severance Settlement with Former Twitter Employees
Elon Musk's X reached a tentative $500 million settlement with former Twitter employees over unpaid severance following mass layoffs after the 2022 acquisition.
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Overview
- Elon Musk's X has reached a tentative settlement with former Twitter employees, including Courtney McMillan and Ronald Cooper, regarding a $500 million lawsuit for unpaid severance.
- The lawsuit stemmed from the dismissal of thousands of employees after Elon Musk acquired Twitter in 2022, leading to significant workforce reductions across the company.
- These extensive layoffs also involved the elimination of key teams at Twitter, specifically those focused on trust, safety, human rights, and accessibility for people with disabilities.
- While a tentative agreement has been reached with the former workers, the specific financial and other terms of this $500 million settlement have not been publicly disclosed.
- Despite this recent tentative settlement, other lawsuits against Musk's X are still pending, including one involving former Twitter executives and former CEO Parag Agrawal.
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Analysis
Center-leaning sources cover the tentative settlement between Elon Musk's X and former Twitter employees with a focus on factual reporting. They detail the $500 million severance lawsuit, the number of employees affected, and the claims of unpaid or insufficient severance. The coverage maintains a balanced tone, presenting the settlement as a development in an ongoing legal process.
"The parties reported the deal in a court filing on Wednesday, jointly requesting the US appeals court in San Francisco to postpone an upcoming hearing to allow time to settle the paperwork."
BBC News"The parties disclosed the deal in a Wednesday court filing asking for a scheduled Sept. 17 hearing in the case to be postponed."
ABC News"The parties disclosed the deal in a Wednesday court filing asking for a scheduled Sept. 17 hearing in the case to be postponed."
Associated Press"This news comes in the form of a court filing where both parties asked the court to delay an upcoming hearing so that they could work out a deal."
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FAQ
The layoffs resulted in the termination of approximately 6,000 employees, representing about 80% of Twitter's workforce at the time.
The diversity and inclusion departments, product and design teams, and content moderation teams were significantly affected by the layoffs.
Yes, there are other lawsuits pending, including one involving former Twitter executives and former CEO Parag Agrawal.
History
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