In a recent court filing, Musk's X and the former employees have requested a delay for an upcoming court hearing to finalize their settlement terms.
The legal dispute began after over 6,000 employees lost their jobs following Musk's takeover in 2022, with claims of inadequate severance pay. Many former staff alleged that they were denied benefits promised under the company's severance plan, receiving as little as a month of pay instead of the expected six months.
These layoffs were part of a broader trend in the tech industry, where companies like Facebook and Google also cut down their workforce after an initial hiring surge during the pandemic. Musk has previously made similar cuts in other sectors, emphasizing cost reduction as a priority.
Details of the settlement remain under wraps and await court approval as negotiations continue.
Stay tuned for more updates as this story unfolds!
The legal dispute began after over 6,000 employees lost their jobs following Musk's takeover in 2022, with claims of inadequate severance pay. Many former staff alleged that they were denied benefits promised under the company's severance plan, receiving as little as a month of pay instead of the expected six months.
These layoffs were part of a broader trend in the tech industry, where companies like Facebook and Google also cut down their workforce after an initial hiring surge during the pandemic. Musk has previously made similar cuts in other sectors, emphasizing cost reduction as a priority.
Details of the settlement remain under wraps and await court approval as negotiations continue.
Stay tuned for more updates as this story unfolds!
