Jul 13, 2023

Elon Musk accused of owing $500m in Twitter severance

A former human resources boss at Twitter has accused the company of failing to pay roughly $500m in severance pay owed to former staff of the company. The complaint says Twitter owner Elon Musk knew about the severance plan before he sacked thousands of staff. Under Twitter's severance plan, staff were due to receive a minimum of two months base salary in severance and a cash contribution toward health insurance, among other benefits, according to the complaint filed in federal court in San Francisco. Those with more senior roles, including Ms McMillian, were due six months base salary in severance pay, plus one week for each full year of experience, it says. Mr Musk said in November following a round of mass layoffs that staff would receive three months worth of pay, "50% more than legally required".

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