Elon Musk, after acquiring Twitter, worked on and implemented several features for the platform. Along with these new features, the famous figure has also faced numerous lawsuits. One of these lawsuits involved thousands of employees who were fired by Elon Musk. Today, how much is Elon Musk’s payment amount?
Elon Musk will pay a total of $500 million to the terminated employees
In 2022, after Elon Musk’s acquisition of Twitter, significant changes were made within the company. The number of Twitter employees, which was originally close to 8,000, was quickly reduced to 1,500. The direct termination of employees indicates that the company is obligated to provide compensation to its employees.
Despite all this, Musk did not make any payments to the employees. Courtney McMillian, a former senior employee of Twitter, filed a lawsuit against the company. According to allegations, Musk refused to make payments to the employees.
In addition to these, the total payment amount that Elon Musk should make has also emerged. It is said that this amount is at least $500 million. The company’s and Musk’s refusal to make the payment was cited as a violation of federal law. This law pertains to benefit plans provided to employees.
There have also been rumors that Twitter accepted a plan in 2019 to provide terminated employees with two months’ basic pay for each year of service, as well as an additional week’s pay. However, Courtney McMillian stated that the company only paid one month’s basic salary to a large portion of the terminated employees, and some received no payment at all.
So, what are your thoughts on Elon Musk’s payment? Why do you think Elon Musk chose not to make the payment? Don’t forget to share your opinions with us in the comments section!
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