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2 weeks agoElon Musk, X Corp Settle $500 Million Severance Lawsuit | Entrepreneur
X (formerly Twitter) tentatively settled a $500 million class-action severance lawsuit stemming from Musk's 2022 mass layoffs.
One of the strangest things about appointing Elon Musk as the head of government spending efficiency is that he's largely known for easily preventable and repeated company value loss. There's that time Tesla stock plummeted because he smoked weed on the Joe Rogan show, there's that time Tesla stock sank by 26% after he "gave his heart out" via sieg heil,
"The parties have reached a settlement agreement in principle and began negotiating the terms of a long form settlement agreement," according to court documents filed by both sides, seen by the BBC. Details of the agreement are not yet public and will require the courts' approval. The lawsuit, led by former Twitter employee Courtney McMillian, says about 6,000 people were wrongly denied benefits under the company's severance plan.