Elon Musk Twitter employees finally get severance agreements

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 41 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 51%

Finance Finance Headlines News

A group of laid off Twitter employees finally got paltry severance agreements. Now they must decide whether to sign, or pursue legal action against Elon Musk's company.

One person who received an agreement said they'd decided not to sign, and instead will participate in one of the several lawsuits already filed or in the works related to Musk's alleged violations of the merger agreement regarding employee benefits and severance. Scores of other affected employees have already signed on to participate in legal actions. The person noted that, had the agreements come sooner, perhaps they and other people would have been more inclined to sign.

Still, two people familiar with Twitter's actions said the site is legitimate and noted that this will be the way all severance or separation agreements will be distributed by Twitter. The website also uses Twitter's official blue and white bird logo and the official separation agreements are said to show Musk's signature.

As for the separation agreements, they appear to be mostly boilerplate, offering one month of pay to laid off employees as severance. On November 4, Muskthat"everyone exited" was offered 3 months of severance, saying that was 50% more than legally required. The tech billionaire may have been conflating periods of"non-working" employment that later saw thousands of workers continue to be paid since November, while they waited for severance.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Twitter had about 7,500 workers prior to Musk's takeover, meaning roughly 3,700 employees were laid off. Twitter has lose 32m users during Elon takeover. The maker of electric cars faces sharp plummeting shares and production woes while its chief executive is on antics tour.

Who tf cares?

If you resign from job, you get no severance. Severance for laid off workers typical. Terms are typical. I think story needs more investigation.

Useless woke good for nothings

Sue him it’s simple

No brainer. Sue.

Be happy they got anything after what they were doing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in FİNANCE

Finance Finance Latest News, Finance Finance Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Twitter employees beg Elon Musk for toilet paper on SlackA Malodorous Musk: Twitter employees beg for toilet paper and report a wafting stench on Slack as Elon Musk cuts back on office facilities staff elonmusk needs a lot of toilet paper after he tweeted something. When you make 250,000 a year you should be able to figure that one out yourself. elonmusk is trying to run a Fuck’n business not a charity.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Twitter hires law firm that Elon Musk claimed 'thrived on corruption'Twitter hires Seattle law firm that Elon Musk previously boycotted and criticized for 'thriving on corruption' This rag hates Musk almost as much as their leftist comrades in Congress.
Source: BusinessInsider - 🏆 729. / 51 Read more »