Money Leaked to Dismissed Twitter Employees

Elon Musk, who bought Twitter for $ 44 billion in September 2022, had a major transformation within the company. Musk announced that Twitter has close to 8,000 employees in a very short time. It was down to 1500.

The direct layoff of these employees means that Twitter must pay employees compensation. But apparently, the Elon Musk administration, still has not started these payments. For this reason, in a lawsuit filed, the total amount of payment to be made was also revealed.

Twitter needs to pay at least $500 million to laid-off employees!

Former Twitter employee Courtney McMillian filed a lawsuit against the company on July 12. The lawsuit alleged that Twitter refused to pay its laid-off employees. Moreover, the total amount of payment to be madeat least 500 million dollars” was recorded.

The lawsuit also shared that Twitter and Elon Musk violated federal law due to their refusal to pay. The law in question provides for employees law on benefit plans was.

In addition, Twitter is known to have adopted a severance plan that will allow employees who were laid off in 2019 to receive two months of basic wages and one week of additional wages for each year of service. But, according to Courtney, Twitter only paid a month’s base pay to the vast majority of employees it laid off. some did not pay at all.

There was no statement from Musk and Twitter on the subject.