“X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
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Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#2Is severance something that’s legally required?
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#3Surely there's a "change of control" clause in their contractuals?
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#4Is severance something that’s legally required?
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Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#5Is severance something that’s legally required?
He famously and publicly promised severance to all the employees he fired, as well as an incentive to get more of them to leave.
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#6This reminds me, did Parag and other in the top management get their money? I didn't see any update on that.
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#7Is severance something that’s legally required?
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Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#8Is severance something that’s legally required?
Heavily depends on locale and what the employment contract says.
https://en.m.wikipedia.org/wiki/Severance_package
But Musk did publicly promise severance, then didn’t deliver. That would almost certainly be breach of contract.
And also given that Twitter universally refused to pay severance in all markets, including those with mandatory severance, I suspect Twitter’s decision isn’t coming from a legally sound place.
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#9Is severance something that’s legally required?
Not in most of the US, but as detailed in the article, telling people you're paying two months severence (presumably in writing no less) and then not paying it is likely a breach of contract law.
Re: “X” Didn’t Pay Severance. Now It’s Facing 2,200 Cases – and Big Fees
#10Is severance something that’s legally required?
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