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Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit
Elon Musk’s X finally agrees to try and settle Twitter’s mass layoffs lawsuit
Elon Musk’s X has agreed to attempt to settle a lawsuit by former employees who say the company cheated them of severance pay following mass layoffs. After taking over Twitter, which he rebranded X recently, Mr Musk cut nearly two-thirds of the social media company’s workforce from about 8000 to 2,000, claiming he had “no choice” as the company was losing $4m per day. “Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required,” Mr Musk said. Many laid-off employees, however, publicly announced they never got the severance they were due to get. In the months that followed, the company was hit by several lawsuits, including one alleging the layoffs disproportionately targeted women. Now, months after urging Twitter, the company has agreed to try and settle, according to a memo sent by Shannon Liss-Riordan, who represents the laid-off workers. The labour and civil rights attorney, representing nearly 2,000 ex-employees, said X would attempt to settle with the laid-off staff. “After 10 months of pressing them in every direction we have succeeded in getting Twitter to the table,” she wrote in the memo cited by Bloomberg. Further schedule for the mediation remains unclear, but reports suggest negotiations could happen on 1 and 2 December. X did not immediately respond to The Independent’s request for comment. Some ex-employees have alleged Twitter did not pay them promised severance either. One employee said earlier this year that he had “never even seen a severance letter let alone been offered severance”. While some former staff attempted to resolve the issue by first filing a class-action lawsuit against X, their contracts with Twitter, however, required that disputes be resolved via arbitration. “We are very proud to be representing nearly 2,000 former Twitter employees, in individual arbitrations as well as more than a dozen class action lawsuits in court,” Ms Liss-Riordan had earlier said in a statement, adding that lawyers and former staff were working to recover “what they are owed”. Read More Musk the messiah (or a very naughty boy?) Elon Musk ignores reporter after claims he stopped Ukrainian attack on Russia Elon Musk was on brink of death after catching malaria on South African safari, book claims Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering Musk was on brink of death after catching malaria on safari, book claims
2023-09-15 15:51
Brazil's inflation falls to more than 2-year low amid calls for rate cuts
Brazil's inflation falls to more than 2-year low amid calls for rate cuts
By Gabriel Araujo SAO PAULO Consumer prices in Brazil decelerated more than expected in May, government data showed
2023-06-08 01:20
Westphalia Dev. Corp. Reports Third Quarter 2023 Fiscal Results
Westphalia Dev. Corp. Reports Third Quarter 2023 Fiscal Results
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nov 28, 2023--
2023-11-29 07:58
US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 - source
US debt ceiling deal keeps non-defense spending roughly flat until FY 2024 - source
A deal reached to raise the U.S. federal government's $31.4 trillion debt ceiling keeps non-defense spending roughly flat
2023-05-28 09:16
Human extinction threat 'overblown' says AI sage Marcus
Human extinction threat 'overblown' says AI sage Marcus
Ever since the poem churning ChatGPT burst on the scene six months ago, expert Gary Marcus has voiced caution against artificial...
2023-06-04 09:48
Indian Gold Miner Soars to 15-Year High After Asset-Buying Spree
Indian Gold Miner Soars to 15-Year High After Asset-Buying Spree
India’s Deccan Gold Mines Ltd. has rallied to its highest share price since 2008 after it went on
2023-07-20 14:48
Taiwan Mobile in Early Talks on Possible Investment in Local Crypto Platform
Taiwan Mobile in Early Talks on Possible Investment in Local Crypto Platform
Telecommunications company Taiwan Mobile Co. is exploring opportunities for collaboration with local crypto platforms, including potentially investing in
2023-06-13 14:25
Sasol Slammed by South Africa’s Pollution Regulator Over Lack of Investment
Sasol Slammed by South Africa’s Pollution Regulator Over Lack of Investment
Sasol Ltd. was castigated by South Africa’s national air quality officer for failing to cut pollution as its
2023-07-14 15:17
Africa’s Top Fund Manager, Ex-Telkom CEO, Axian Mull Telkom Bid
Africa’s Top Fund Manager, Ex-Telkom CEO, Axian Mull Telkom Bid
Africa’s largest asset manager, the Public Investment Corporation, is backing a possible bid led by the former chief
2023-05-27 23:20
Syngenta Group Reports H1 2023 Results
Syngenta Group Reports H1 2023 Results
BASEL, Switzerland & SHANGHAI--(BUSINESS WIRE)--Aug 31, 2023--
2023-08-31 14:17
Ex-Deutsche Bank Banker Will Plead Guilty to Crypto Fraud
Ex-Deutsche Bank Banker Will Plead Guilty to Crypto Fraud
Former Deutsche Bank investment banker Rashawn Russell, who has denied defrauding investors in a cryptocurrency fraud, appears ready
2023-09-16 06:59
Factbox-Where are strategic materials germanium and gallium produced?
Factbox-Where are strategic materials germanium and gallium produced?
BEIJING China said on Monday it will impose export restrictions on some gallium and germanium products from Aug.
2023-07-04 11:47