Chai Shai Chaishai with me
Tech

After Musk’s takeover, Twitter was accused of not paying millions in bonuses to employees.

A new lawsuit filed on behalf of Twitter employees alleges that the firm broke its promise to pay out annual incentives to employees following its acquisition by billionaire Elon Musk.

Mark Schobinger, a former senior director of compensation at Twitter who left the business at the end of last month, filed the case on Tuesday in federal court in San Francisco. Class action status is being sought on behalf of current and former Twitter employees who were not paid their 2022 bonus.

An attorney for Schobinger told, “We anticipate that several thousand workers would have been qualified for the bonuses.” This was Shannon Liss-Riordan. I don’t have a precise figure, but I know it’s in the tens of millions of dollars.

Even though Twitter has reduced its public relations staff, it has declined to reply.

According to the complaint, “many employees raised concerns” about the future of “their compensation and annual bonus” after Musk’s acquisition of the social media business was disclosed in April.

According to the complaint, in the months before Musk completed his acquisition of Twitter, business leaders assured staff that incentive payments for 2022 would be made at 50% of the target. This assurance was restated after Musk’s takeover, according to the complaint.

The lawsuit claims that Twitter promised bonuses but has neglected to deliver on those commitments. Based on “Twitter has broken a number of promises to its employees, including failing to pay promised incentives,” Schobinger resigned from Twitter last month.

After acquiring Twitter, Musk immediately laid off 80% of the workforce in an effort to reduce expenses, prompting a wave of lawsuits from disgruntled former employees.

Liss-Riordan has previously threatened Twitter with various class action lawsuits, including ones on behalf of women and people with disabilities. Twitter is also being sued by a group of ex-employees who claim the company broke their contract by not delivering on earlier pledges to allow remote work and offer consistent severance benefits following the acquisition.

Twitter has disputed the claims of breach of contract made by its former workers in their lawsuit over telecommuting and severance pay. Federal courts rejected the proposed class action lawsuits last month on behalf of women and people with disabilities in the workplace. Suits were resubmitted at a later date.

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button