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Billionaire Elon Musk is being sued by four former Twitter executives, alleging that the former CEO owed him $128 million in severance due to wrongful termination. There is. Former employees claim they were fired shortly after Musk completed his $44 billion acquisition of the social media company in October 2022.
Among those seeking financial compensation are former Twitter CEO Parag Agrawal, former CFO Ned Segal, former Twitter head of legal, policy and trust Vijaya Gadde, and former Twitter general counsel Sean. Includes Mr. Edgit.
Related article: Twitter faces $500 million lawsuit from fired employees seeking unpaid severance pay
The lawsuit was filed Monday in the U.S. District Court for the Northern District of California, where Twitter Inc.’s former headquarters were located.
The document alleges that Musk fired executives “without cause” because he didn’t want to pay them benefits and concocted a “false cause” to get away with it, alleging that Musk fired employees “for serious reasons.” There is no evidence to support the claim of “deliberate misconduct”.
“The stock market fell after defendant Elon Musk ultimately agreed to buy Twitter for $44 billion, and despite no legal or contractual justification, Musk Twitter filed suit against Mr. Musk to force the deal.”And after months of intensive litigation, each of Mr. Musk’s baseless excuses was stripped away. ‘, the document states. “Under Mr. Musk’s control, Twitter has come under fire, harshly criticizing employees, landlords, vendors and others. Mr. Musk doesn’t pay his bills and believes the rules don’t apply to him. He uses his wealth and power to do rough things to everyone.” Those who disagree with him. ”
In typical Musk fashion, he had a cheeky response to the allegations about X.
First, the billionaire laughs through tears in response to a user who wrote, “Parag Agrawal is suing Elon Musk by claiming he actually got a lot done that week.” Posted an emoji.
?
— Elon Musk (@elonmusk) March 4, 2024
In his second reply, Musk wrote, “If the emojis match,” below a post of Agrawal and a clown emoji.
If you can guess the emoji…?♂️
— Elon Musk (@elonmusk) March 5, 2024
This isn’t Twitter’s first termination lawsuit.
In July 2023, the billionaire was hit with a $500 million class action lawsuit from former Twitter employees who claim they weren’t paid their promised severance pay, which reportedly “In addition to two months’ basic salary, it was one week’s salary for the whole year,” he said. “Suspension of work” when dismissed.
RELATED: Elon Musk gets into Twitter fight with former employee
Speaking at the Wall Street Journal’s CEO Council Summit in London last May, Musk said of the mass layoffs and layoffs immediately following the company’s acquisition, “There were a lot of people who didn’t seem to have much value.” . “I think other companies can make significant reductions without impacting productivity and may actually improve productivity.”
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