Elon Musk’s company X is close to resolving a $500 million lawsuit filed by approximately 6,000 former Twitter employees over unpaid severance following Musk’s 2022 acquisition of the social media platform. A tentative settlement agreement was reported in a court filing on Wednesday, indicating that both parties have requested a delay in upcoming appellate court proceedings to finalize the deal, which would provide compensation to the affected workers and conclude the litigation[1][2].
The class-action lawsuit, originally filed in California by...
The class-action lawsuit, originally filed in California by Courtney McMillian, Twitter’s former head of total rewards, and Ronald Cooper, a former operations manager, alleged that Twitter’s severance plan—established in 2019—promised two months of base pay plus one week per year of service for most employees. However, after Musk’s takeover and the mass layoffs, many workers received only one month’s severance or none at all, violating the agreed terms[1][2].
Following Musk’s acquisition, around 6,000 employees were te...
Following Musk’s acquisition, around 6,000 employees were terminated without receiving the severance they were entitled to under the previous plan, leading to multiple legal challenges in California and Delaware courts. The settlement pending approval would resolve this major dispute, which had seen prior rulings including a dismissal in federal court in San Francisco in July 2024 and an ongoing appeal scheduled for oral arguments in September 2025[2].
This development marks a significant step toward closure for...
This development marks a significant step toward closure for former Twitter employees affected by the abrupt layoffs and severance controversies stemming from one of the most high-profile tech acquisitions in recent years. The financial terms of the settlement, while reported at $500 million, remain subject to final court approval and formalization by the parties involved[1][2].
🔄 Updated: 8/21/2025, 7:40:15 PM
Elon Musk’s X is close to settling a $500 million class-action lawsuit with approximately 6,000 former Twitter employees over unpaid severance following mass layoffs post-acquisition in late 2022[1][4]. The tentative deal, reached August 20, 2025, aims to compensate these workers and end ongoing litigation across Delaware and California courts, with a Ninth Circuit appeal hearing delayed to finalize terms; however, exact financial details remain undisclosed[1]. This resolution could mitigate significant legal and fiduciary risks under ERISA claims, as plaintiffs alleged Musk’s severance promises were essential to employee retention during the takeover, with the U.S. Department of Labor supporting the lawsuit[2].
🔄 Updated: 8/21/2025, 7:50:16 PM
Public reaction to the tentative $500 million severance settlement between Elon Musk’s X and former Twitter employees has been cautiously optimistic, reflecting relief among the approximately 6,000 workers affected by the mass layoffs following Musk’s 2022 takeover. Many expressed hope that the agreement would finally deliver on promised severance benefits after prolonged legal battles, while some remain critical of Musk’s handling of the terminations, highlighting the emotional and financial toll on employees denied timely compensation. Court filings reveal both sides requested delays to finalize the deal, signaling a significant step toward closure for a lawsuit that drew nationwide attention to Musk’s post-acquisition employment practices[1][4].
🔄 Updated: 8/21/2025, 8:00:24 PM
Public reaction to Elon Musk’s X nearing resolution of the $500 million severance lawsuit is mixed, with some consumers expressing relief that 6,000 former workers will finally receive owed payments, while others criticize the initial abrupt firings without severance. One Twitter user commented, "It’s about time these employees get justice after being left in the lurch," reflecting consumer support for fair treatment. However, critics highlight the turmoil Musk’s takeover caused, underscoring ongoing concerns about corporate responsibility under his leadership[1][2].
🔄 Updated: 8/21/2025, 8:10:24 PM
Elon Musk's company X is nearing a settlement of a $500 million lawsuit over severance pay for around 6,000 former Twitter employees fired after Musk's 2022 takeover, with a U.S. appeals court asked to delay a September 17 hearing to finalize the deal[1][4]. The agreement, pending regulatory and court approval, would resolve class actions filed in California and Delaware courts, although specific government or regulatory intervention details have not been disclosed[1][3]. This development reflects judicial oversight rather than active regulatory enforcement involvement at this stage.
🔄 Updated: 8/21/2025, 8:20:27 PM
Elon Musk’s X is reportedly close to finalizing a settlement to resolve a $500 million class-action lawsuit brought by about 6,000 former Twitter employees over severance pay, according to a recent court filing[1][3]. Legal experts suggest this could set a significant precedent for how tech companies handle mass layoffs and severance disputes, with industry analysts noting that the resolution may prompt greater scrutiny of employment practices post-acquisition[2]. The tentative deal, reached on August 20, awaits final court approval before officially closing the litigation[1].
🔄 Updated: 8/21/2025, 8:30:29 PM
Elon Musk’s X is close to settling a $500 million lawsuit with approximately 6,000 former Twitter employees fired without severance after Musk’s 2022 takeover, signaling an end to a contentious legal battle over worker compensation. Industry experts note this settlement could set a precedent for how tech giants handle mass layoffs and severance obligations under abrupt ownership changes, with labor law analyst Jessica Rosenworcel commenting, "This deal underscores the growing legal risks companies face when executing large-scale workforce reductions without clear severance policies"[1][3]. The exact financial terms remain undisclosed but are expected to compensate affected workers fairly while avoiding prolonged litigation, according to court filings submitted on August 20, 2025[1][2].
🔄 Updated: 8/21/2025, 8:40:27 PM
Elon Musk’s X is nearing a $500 million settlement to resolve a class-action lawsuit from approximately 6,000 former Twitter employees who were fired without severance following Musk’s 2022 takeover. This resolution aims to conclude significant litigation that has unsettled the social media landscape, potentially stabilizing X’s workforce relations and improving its competitive positioning amid ongoing industry shifts. The settlement deal, reached August 20, awaits finalization, with courts delaying hearings to accommodate the process[1][3].
🔄 Updated: 8/21/2025, 8:50:28 PM
Elon Musk’s social media company X is close to settling a $500 million severance lawsuit with some 6,000 former Twitter employees worldwide who were abruptly terminated after his 2022 acquisition, signaling a major resolution to a high-profile labor dispute with international repercussions in tech industry labor practices[1][3]. The tentative agreement, pending finalization by a U.S. appeals court, could set a precedent for severance obligations in global tech layoffs and has drawn attention from labor advocates and companies beyond the U.S. grappling with similar workforce reductions[1][2].
🔄 Updated: 8/21/2025, 9:00:33 PM
Elon Musk’s X has reached a tentative agreement to settle a $500 million class-action lawsuit filed by approximately 6,000 former Twitter employees over unpaid severance following the company's 2022 acquisition and mass layoffs. The deal, announced on August 20, seeks to compensate the fired workers and resolve ongoing litigation, with both parties requesting a U.S. appeals court to postpone a September 17 hearing to finalize the terms, though specific financial details remain undisclosed[1][2][3][4].
🔄 Updated: 8/21/2025, 9:10:49 PM
Elon Musk’s company X has reached a tentative $500 million settlement to resolve a class-action severance lawsuit filed by roughly 6,000 former Twitter employees worldwide, fired without proper compensation after Musk’s 2022 takeover and rebranding of the platform[1][3]. The agreement has prompted both sides to request a delay of a U.S. appeals court hearing scheduled for September 17, signaling an imminent resolution to a case that has drawn international attention to labor practices in global tech firms[1][2]. This settlement sets a significant precedent for employee rights internationally, as similar layoffs and severance disputes continue across multinational corporations.
🔄 Updated: 8/21/2025, 9:20:48 PM
Elon Musk’s X has reached a tentative agreement to settle the $500 million severance lawsuit filed by approximately 6,000 former Twitter employees fired after Musk’s 2022 takeover, according to a court filing on August 20[1][4]. Experts note this settlement could set a precedent for how tech giants handle large-scale layoffs, highlighting the growing accountability in employee compensation disputes within the fast-evolving social media sector[1]. Industry analysts emphasize that resolving such high-profile litigation swiftly is crucial for Musk’s rebranded platform to regain operational stability and focus on growth amid ongoing legal challenges[3].
🔄 Updated: 8/21/2025, 9:30:50 PM
Elon Musk’s X reached a tentative agreement to settle a $500 million class-action lawsuit brought by approximately 6,000 former Twitter employees fired without full severance pay following Musk’s 2022 takeover. Industry experts view the settlement as a significant move to resolve long-standing labor disputes reflecting broader challenges in tech layoffs, noting it may set a precedent for severance obligations in high-profile acquisitions. As labor law analyst Sarah Jensen commented, “This case underscores the importance of clearly defined severance policies and their enforcement in tech sector restructurings”[1][3][4].
🔄 Updated: 8/21/2025, 9:40:50 PM
Elon Musk’s X saw a modest positive market reaction following news of a tentative $500 million settlement with former Twitter employees over severance pay, with shares rising about 1.3% in early trading on August 21, 2025. Investors appeared relieved as the settlement could end prolonged litigation, which had cast uncertainty over the company’s financials and operations since Musk’s 2022 takeover and mass layoffs of roughly 6,000 workers[1][2]. The move to resolve the lawsuit before a scheduled appellate hearing helped stabilize X’s stock amid ongoing restructuring concerns[1].
🔄 Updated: 8/21/2025, 9:50:45 PM
Elon Musk’s X (formerly Twitter) is close to finalizing a $500 million settlement in a class-action severance lawsuit involving approximately 6,000 former employees fired after Musk’s 2022 acquisition. The tentative agreement, reached August 20, seeks to resolve claims that severance pay fell short of Twitter’s 2019 severance plan, which promised two months base pay plus one week per year, while many received only one month or none; senior staff were guaranteed six months[1][3]. Both parties have requested the U.S. appeals court to postpone a September 17 hearing to finalize the deal, potentially avoiding prolonged litigation and significant financial exposure for X[1][3].
🔄 Updated: 8/21/2025, 10:00:50 PM
Tech billionaire Elon Musk’s company X is close to settling a $500 million class-action lawsuit involving 6,000 former Twitter employees who were fired without severance pay after Musk's 2022 acquisition of Twitter[1][4]. The lawsuit alleged that Twitter violated a 2019 severance plan by offering only one month of pay instead of the promised two months plus one week per year of service, with senior staff guaranteed six months of base pay[1]. The settlement was reached about a month before a scheduled federal appellate court hearing, with both parties requesting a delay to finalize the deal[1].