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Home Tag Elon Musk

Tag: Elon Musk

Business

Amazon to make further cuts: 18,000 targeted

by Paul Stewart

May 22, 2023

Amazon: A mass layoff, also known as a large-scale layoff or workforce decrease, takes place when a company discharges a ...

Politics

The Hunter Biden laptop story mistake acknowledged by former Twitter executives

by Paul Stewart

May 1, 2023

Hunter Biden – Several former Twitter officials told legislators on Wednesday that the company erred in a 2020 New York ...

Business

Subscription services in Meta announced, Twitter shakes up 2FA

by Chloe Jackson

February 21, 2023

Subscription service – Another major modification for Facebook and Instagram that Mark Zuckerberg revealed on Sunday has already angered users. ...

Business

Tesla union supporters fired days after organizing efforts

by Robert Miller

February 21, 2023

Tesla union – Layoffs have been common in many major companies across various industries since late 2022. While the widely ...

Twitter Suspends @wordlinator for Spoiling Wordle Fun and Revealing Game Answers

Business

Twitter hasn’t released severance offers to laid-off employees

by Robert Miller

January 10, 2023

... Twitter: A severance offer is a financial arrangement made by an employer to an employee who has been laid ...

...

Twitter: A severance offer is a financial arrangement made by an employer to an employee who has been laid off or whose employment will be terminated. It is typically made as a way for the employer to provide financial support to the employee during the transition period after the layoff. Severance offers may include a combination of salary, benefits, and other forms of compensation. After two months, employees that Elon Musk laid off said they had yet to receive a formal severance offer or separation agreement. One former employee said they expected information to arrive on Wednesday, the last official employment date for workers affected by the first wave of layoffs.

The news

On early Thursday, the former employee said they received no documents regarding the severance agreement or offer. Other former employees made similar remarks on Twitter. One said they hadn't seen so much a severance letter as they had been offered severance. A spokesperson for Shannon Liss-Riorand, the attorney representing laid-off Twitter employees, confirmed her clients have yet to receive severance information as of Thursday. Kevin Ready, the spokesperson, said: "There was some anticipation that they would be sent yesterday, but we haven't seen that." Meanwhile, Liss-Riordan released a statement on Thursday that reads: "Yesterday was the official separation date for thousands of Twitter employees, and after months of chaos and uncertainty created by Elon Musk, these workers remain in the lurch."

The layoffs

In October, Elon Musk bought the social media company for $44 billion. Since then, employee concerns emerged as he started cutting costs along with mountainous debt. One month later, Musk continues his wave of laying off employees. He also pushed out employees by requiring those who remained to sign a pledge to commit to "hardcore" work. During the layoffs, Musk promised the laid-off workers would be offered three months of severance. The period included the 60-day advanced notice Twitter was obligated to release. Read also: Amazon to make further cuts: 18,000 targeted

Severance agreements

On Thursday afternoon, Fortune released a report saying Twitter planned to send severance agreements to laid-off employees that day. However, it was unclear when the agreements would be released. The report cited an anonymous source close to the situation with screenshots. The severance agreements would have provided former US Twitter employees with one month's base pay. It would also include a provision requiring employees to waive participation in pending lawsuits against Twitter.

Lawsuits

Shannon Liss-Riordan filed four proposed class action lawsuits on behalf of the laid-off employees against Twitter. The lawsuits cited claims that the company backtracked on promises of remote work and consistent benefits. They also had complaints relating to alleged gender-based and disability discrimination. In addition, Liss-Riordan filed three claims against Twitter with the National Labor Relations Board on behalf of the former employees. On Thursday, on behalf of the laid-off workers, she filed another 100 demands for arbitration against the social media company. The demands follow the initial 100 in December. Additionally, December saw an early win for the employees in court. A judge ordered Twitter to inform the former employees of the pending lawsuits prior to asking them to sign separation agreements, including a release of legal claims. References: Two months after mass Twitter layoffs, affected employees still waiting for severance offers Twitter sued by landlord for allegedly failing to pay rent

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Tag: Elon Musk

Amazon to make further cuts: 18,000 targeted

The Hunter Biden laptop story mistake acknowledged by former Twitter executives

Subscription services in Meta announced, Twitter shakes up 2FA

Tesla union supporters fired days after organizing efforts

Twitter hasn’t released severance offers to laid-off employees

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