Another legal battle for Elon Musk to face. Employees at Twitter are suing the social media business because it has broken its promise to pay 2022 bonuses at a
According to the lawsuit filed on Tuesday in San Francisco federal court, Twitter has an annual cash performance bonus plan that was promised to be paid out by executives, including former Chief Financial Officer Ned Segal, in the months before Elon Musk bought the company in October.
According to the lawsuit, the position initially involved managing executive and incentive pay, but in November his duties were expanded to cover employee compensation globally.As a result of advertisers losing faith in Twitter’s ability to weed out violent, pornographic, and bigoted content since Musk took aboard, the company has lost more than half of its advertising revenue.Additionally, Twitter lost more than 75% of its workforce due to layoffs and resignations.
The business has been sued multiple times since Musk’s takeover for allegedly failing to pay its debts, including rent, as well as by former employees seeking severance and back pay. Shobinger claimed he left Twitter because the company broke several agreements made to its staff, including its unwillingness to pay the bonuses. He filed a claim for contract breach.Read More News
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