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Musk and Twitter being sued by former employees for at least $500 million

by | Jul 14, 2023

Elon Musk and Twitter are being sued by former employees of the social-media network who allege the company failed to pay their promised severance packages, reports Variety.

The lawsuit was filed in U.S. District Court for the Northern District of California on behalf of a class of employees terminated since Musk’s takeover of the company in late October 2022. According to Variety, the suit “seeks damages of at least $500 million as well as orders compelling Twitter and Musk “to abide by all terms of the severance plan by paying all terminated employees what they are owed,” according to the plaintiff’s lawyers.”

Prior to Musk’s takeover, continues Variety, “Twitter had a severance plan, which was an employee benefit plan under the Employee Retirement Income Security Act of 1974 (ERISA), the lawsuit alleges. Prior to the tech mogul’s closing the deal, Musk and Twitter gave multiple assurances to employees that Twitter would continue to pay benefits under the severance plan, according to the complaint. However, following his takeover, Twitter and Musk have failed to pay the promised benefits to the thousands of terminated employees, the lawsuit alleges.”

More here.

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