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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
Analysis-China to tread warily on easing as concerns over impact on banks mount
Analysis-China to tread warily on easing as concerns over impact on banks mount
By Kevin Yao and Ziyi Tang BEIJING China's central bank is likely to cut lending rates further in
2023-06-21 16:28
Huawei’s Sales Grow Again as New Arenas Mitigate Sanctions Hit
Huawei’s Sales Grow Again as New Arenas Mitigate Sanctions Hit
Huawei Technologies Co. grew sales for a third straight quarter, after new businesses like cloud services and a
2023-08-11 16:17
Singapore Seizes Alleged Launderer’s Millions in Swiss Banks
Singapore Seizes Alleged Launderer’s Millions in Swiss Banks
Singapore police seized S$125 million ($92 million) from a suspected money launderer’s accounts with Bank Julius Baer and
2023-09-06 15:21
Yellen Meets Vietnamese PM as US Friend-Shoring Expands in Asia
Yellen Meets Vietnamese PM as US Friend-Shoring Expands in Asia
Treasury Secretary Janet Yellen met with Vietnam’s Prime Minister Pham Minh Chinh on Thursday to promote trade ties
2023-07-20 15:56
Singapore issues arrest notice for billionaire in rare graft probe
Singapore issues arrest notice for billionaire in rare graft probe
Singapore's powerful anti-graft body issued an arrest notice for one of the city-state's richest people, his company said Friday, widening a...
2023-07-14 14:46
HMV owner's bid for UK retailer Wilko falls through
HMV owner's bid for UK retailer Wilko falls through
A last-ditch bid to save thousands of jobs at struggling UK household goods retailer Wilko has collapsed, the owner of the HMV music...
2023-09-11 18:56
Swiss parliamentary investigation into Credit Suisse collapse gets underway
Swiss parliamentary investigation into Credit Suisse collapse gets underway
By Noele Illien and John Revill BERN A Swiss parliamentary investigation into the role played by state institutions
2023-07-14 00:24
China Railway to Negotiate Tanzania-Zambia Line Concession
China Railway to Negotiate Tanzania-Zambia Line Concession
The Chinese government selected a state-owned company to negotiate a concession to operate a line connecting Zambia’s copper-mining
2023-11-02 16:15
ECB Says Consumers’ Inflation Expectations Fell Significantly
ECB Says Consumers’ Inflation Expectations Fell Significantly
Consumer expectations for euro-zone inflation eased significantly in April, adding to the case for the European Central Bank’s
2023-06-06 16:17
German recession to end in Q2 with slight GDP rise - Bundesbank
German recession to end in Q2 with slight GDP rise - Bundesbank
BERLIN Recession in Germany is expected to end in the spring quarter, the Bundesbank said in its monthly
2023-06-26 18:22
Dollar set for fifth winning week on Fed bets, PBOC supports yuan
Dollar set for fifth winning week on Fed bets, PBOC supports yuan
By Kevin Buckland TOKYO The dollar headed for a fifth winning week versus major peers, the longest streak
2023-08-18 11:27