Elon Musk’s X Nears $500M Severance Lawsuit Settlement

Elon Musk’s X moves toward a $500M severance lawsuit settlement, offering closure for thousands of former Twitter employees.

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Elon Musk’s X Nears $500M Severance Lawsuit Settlement

Elon Musk’s X Nears $500M Severance Lawsuit Settlement Former Twitter employees may soon see resolution in the long-running severance dispute with Elon Musk’s X. After years of legal back-and-forth, reports indicate that the company is tentatively settling a $500 million lawsuit brought by workers laid off shortly after Musk acquired the platform. The development is a significant turning point for thousands of employees who have waited over two years for compensation. Image Credits:Francis Chung/Politico/Bloomberg / Getty Images Severance Lawsuit Against Elon Musk’s X Explained When Musk purchased Twitter in 2022, more than 6,000 employees were laid off—reducing the company’s workforce by about 80%. At the time, Musk promised three months of severance pay. However, the lawsuit claimed that many employees either received incomplete payments or nothing at all. The legal dispute gained momentum because a severance plan in place since 2019 had promised senior employees more generous terms, in…

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