"Twitter's employment agreement says these will be individually arbitrated, so that's what we're doing," Liss-Riordan said."We're looking forward to the day when Elon Musk comes to his senses and realises it's much cheaper to pay people what they are owed."
Generally, former employees say they were clearly and repeatedly promised by Twitter's previous management that, should they be laid off by Musk after he took over, they would receive severance"equal to or better than" two months of base pay, three months of stock vesting, a pro-rated bonus payout, and a cash contribution to cover ongoing health insurance. The promise was also included in the merger agreement between Musk and Twitter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Elon Musk's new Silicon Valley engineering headquarters will focus on AI, report says | Business InsiderElon Musk said Tesla plans to expand its engineering hub in Palo Alto, California despite being based in Austin, Texas.
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Elon Musk reportedly gave staff a one-week deadline to turn around Twitter's ads, and then laid them off | Business InsiderElon Musk laid off dozens of Twitter staffers last week — including those who worked on ad products — right after giving them a one-week deadline to turn around the company's ad business. BISouthAfrica Hope they were the ‘woke’ ones! BISouthAfrica This man means business elonmusk He know exactly what he's doing,man in mission & have vision. BISouthAfrica Hahahaha oh the woke press at work!!! elonmusk go for it!!
Source: BISouthAfrica - 🏆 34. / 51 Read more »
Elon Musk is working at Tesla for free after receiving his final stock options last month | Business InsiderDon't feel too sorry for Musk. The Tesla CEO made an estimated $56 billion from his 2018 pay package.
Source: News24 - 🏆 4. / 80 Read more »