Twitter accused of failing to pay millions in employee bonuses after Musk takeover | CNN Business

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Twitter failed to pay out annual bonuses to staff after its acquisition by billionaire Elon Musk despite assurances from executives in the lead-up to the deal closing that the company would do so, according to a new lawsuit filed on behalf of employees.

The lawsuit was filed in a San Francisco federal court on Tuesday by Mark Schobinger, who was a senior director of compensation at Twitter until he left the company late last month. The suit is seeking class action status for former and current Twitter employees who did not receive their 2022 bonus. “We estimate about a couple thousand employees would have been eligible for the bonuses,” Shannon Liss-Riordan, the attorney representing Schobinger, said in a statement to CNN.

“The promise was repeated following Musk’s acquisition,” the complaint said. Despite the promises, however, Twitter has yet to pay out bonuses, the lawsuit says. Schobinger left the company last month following “Twitter’s reneging on various promises it had made to employees, including its failure to pay promised bonuses,” according to the complaint.

 

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