Elon Musk Cleared of $500 Million Severance Obligation by Court Ruling

Wednesday, 10 July 2024, 18:58

A court has ruled that Elon Musk does not owe ex-Twitter staffers $500 million in severance following his takeover of the company. The ruling comes after Musk fired over 6,000 Twitter employees, including then-CEO Parag Agrawal. This decision marks a legal victory for Musk amidst the lawsuits surrounding the mass layoffs.
TechCrunch
Elon Musk Cleared of $500 Million Severance Obligation by Court Ruling

Court Ruling on Severance Dispute

A recent court ruling has cleared Elon Musk of a $500 million severance obligation to ex-Twitter employees.

Mass Layoffs After Takeover

Elon Musk's firing of over 6,000 Twitter staffers, including then-CEO Parag Agrawal, prompted legal action.

Legal Victory Amid Lawsuits

The court's decision in Musk's favor signifies a noteworthy outcome in the ongoing legal battles.


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