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So far, the former Twitter executives fired by Musk have not received severance pay

So far, the former Twitter executives fired by Musk have not received severance pay

March 5, 2024 – 12:49 pm

Former Twitter executives filed a lawsuit against Elon Musk on Monday, alleging that They have not received their end-of-service benefits yet After they were expelled, CNN reported. They are demanding a payment of $128 million, roughly 46 billion Hungarian forints, from the billionaire who bought Twitter, now called X, almost two years ago.

Musk, who fired them all just hours after he acquired Twitter in 2022, is suing the former CEO, former CFO and former chief legal officer, among others.

Prosecutors say Musk retaliated by not paying severance pay to fired executives when he bought the company for $44 billion. “Because he did not want to pay severance pay, he simply fired them, later provided false reasons for his decision and replaced them with workers from other companies,” the lawsuit filed in a Northern California court says.

This is not the first lawsuit filed against Musk in connection with the Twitter acquisition. The former CEO, former economic director and former head of the legal department also demanded payment of legal costs from the now second richest man in the world.

Musk's biography as evidence

The centerpiece of the lawsuit filed Monday is Elon Musk's autobiography. It contains an anecdote from the period when Musk fired the above-mentioned managers.

According to the lawsuit, the anecdote in the book proves that Musk deliberately bashed former Twitter executives. Musk allegedly did not wait to formally terminate former managers, but even fired them beforehand, in order to avoid paying them the severance payments they were owed.

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