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The Huge Amount of Compensation Elon Musk Will Pay to His Twitter Employees Revealed

  • July 14, 2023
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Elon Musk, who bought Twitter for $44 billion in September 2022, went through a major transformation within the company. Musk announced that Twitter has almost 8,000 employees in

The Huge Amount of Compensation Elon Musk Will Pay to His Twitter Employees Revealed

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

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

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

elon musk twitter

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. In addition, the total amount to be paid must be paidat least $500 million” had been recorded.

The lawsuit also shared that Twitter and Elon Musk violated federal law by refusing to pay. The law in question provides for employees benefits law used to be.

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

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

Source: Web Tekno

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