Musk loses lawsuit against former Twitter employees over unpaid severance

2024-09-24 08:32:02

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ChainCatcher news, according to a memo obtained by Bloomberg, Musk lost to a former Twitter employee in a legal lawsuit regarding unpaid severance, who was fired when Musk took over the social media platform in 2022.

Two years ago, Musk acquired Twitter for $44 billion and quickly laid off more than half of the staff. This move sparked complaints from over 2,000 former employees who claimed they did not receive adequate severance pay. Last Friday's lawsuit victory could set a precedent for thousands of former employees who have filed similar arbitration claims.

"The arbitrator awarded full severance pay to our client," attorney Shannon Liss-Riordan said in a memo on Monday, "We are excited about this development and hope it heralds more good news to come."

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