Elon Musk has been making news all over the place…..from his purchase of Twitter to his cage match with the Zuck to his many lawsuits…..employees are trying to get what he promised them in the past.
Since Elon Musk took over as CEO of X, formerly known as Twitter, the company has been a lawsuit magnet. There’s that class-action suit in California by former employees who claim they weren’t paid promised bonuses. Another claims the company hasn’t ponied up $500 million in severance pay to employees who were laid off.
Now add more than 2,200 arbitration cases, according to a complaint filed earlier this week in Delaware. All told, the social media giant is potentially on the hook for more than $3.5 million in filing fees, according to CNBC‘s estimate. When it rains, it pours!
The deluge of arbitration cases was revealed in a court document filed by former employee Chris Woodfield against X and Elon Musk. Last month, Woodfield slapped the company and Musk with a separate complaint, claiming they hadn’t paid him his promised severance.
The cases underline Musk’s bull-in-a-china-shop approach when he first took over the social media giant in October last year. When he became CEO, Musk laid off legions of workers, cutting staff numbers from around 8,000 to just 1,500 as of this April. That’s a lot of pissed off people with an axe to grind — hence the flood of suits.
The arbitration cases from former employees add another messy wrinkle to the legal challenges X and Musk are facing.
Arbitration is a legal process in which two opposing parties agree to mediate their dispute with a third party arbitrator rather than going through the court system. At Elon Musk’s other company, Tesla, employees are forced to sign arbitration agreements as a requirement for employment in states where it is legal, which is a move some politicians decry as a way to hide complaints of discrimination, which Tesla has faced.
https://futurism.com/the-byte/elon-musk-twitter-employees-lawsuit
It is not bad enough that he is moving into the Trump camp but he now acts like the robber barons of old.
X has lost about 60% of its ad revenue….and Musk had to borrow millions from SpaceX, you know that multi-billion dollar enterprise that cashes many government checks.
My thought is he is a feminine hygiene cleansing agent that one might use on a Summer’s Eve.
I Read, I Write, You Know
“lego ergo scribo”
Elon is a genius and has earned his place in the sun and can do what he hell ever he wants to do as long as it is legal.
Glad to see you are a supporter since he has Trump on his side how bad could he be? chuq
Trump has people on his side only insofar as they serve his ideals. I am sure Trump loves a lot of noble people as long as he thinks they serve his agenda. Musk has worked hrd to get where he is and I, for one, am not going to be covetous or envious because he managed to become successful. I did it myself once and I know all about envy. And, Oh by the way, I am not a member of AARP because I do not believe they do a damned thing except sell magazines and insurance policies to the gullible elderly.
Smart move…AARP is a con. Musk did not live up to his commitment to those employees….has nothing to do with envy more with being a douche…..because he is what some call successful does not make him exempt for being a good person. chuq
I was not a good person myself. When I was a credit manager for awhile back in the day, I had Dun and Bradstreet put the word out on the street against a major construction company who was building a large apartment complex because they had run up Two Hundred Thousand dollars worth of indebtedness to us for kitchen cabinets and hadn’t paid a penny in over 90 days…My actions resulted in all the labor walking off the unfinished project and bankrupting the millionaire who was backing it….No, I was not a good person either. We had to settle for 20cents on the dollar from that tragedy…but that was better than the 10 cents it might have been had I not acted when I did.
Reneging on commitment….sounds about right. chuq
If they had a voice, several hundred Ukrainian citizens would call Musk a douchebag as well. But ship mounted Kaliber missiles from Russia’s Black Sea fleet silenced them.
I just read about his deal with the grain shipments….what a douche chuq
Unfortunately the world is run by douchebags. We have to live with it.
He also helped squash a Ukrainian attack on Russia….I find it interesting because this ass is wealthy his work against Ukrainian is acceptable….yep douche bag chuq