AssetID: 55000492
Headline: UNCAPTIONED: Elon Musk and X Reach Tentative Settlement with Former Twitter Staff
Caption: Elon Musk and X Reach Tentative Settlement with Former Twitter Staff. Elon Musk and his social media company, X, have reached a preliminary settlement with former employees who sued for $500 million in severance pay. The deal, reported in a court filing, has prompted a request to postpone an upcoming hearing in San Francisco so the paperwork can be finalised. The lawsuit followed the dismissal of around 6,000 staff, over half of Twitter’s workforce, after Musk took over in 2022. Former employees claimed they were denied benefits under the company’s severance plan, with some receiving as little as one month’s pay, or nothing at all. Court documents confirm that both sides have agreed in principle and are negotiating the full terms, but details remain confidential pending court approval. The case highlights the impact of mass layoffs on Twitter’s operations and staff. Instructions: THIS VIDEO MUST NOT BE EDITED FOR LENGTH TO COMBINE WITH OTHER CONTENT
Keywords: Current Affairs & Politics,Elon Musk,X,reach,tentative,settlement,former,Twitter,staff,6.000,sacked,fired,paperwork,court filing,postpone,upcoming,San Francisco,workforce,dismissal,pay,salary,severance plan
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