Musk set to pay $500 million to 6,000 workers fired without severance after his Twitter takeover

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Tech billionaire Elon Musk is set to pay $500 million to 6,000 workers fired without severance after his Twitter takeover.

The tentative settlement to end a lawsuit filed by former employees of the social media platform was reported in a Wednesday court filing by attorneys for Musk’s company, X Corp, and the ex-workers, as reported by Reuters.

Musk acquired Twitter in 2022 and subsequently fired about 6,000 employees and re-branded the blue bird platform as X.

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Tech billionaire Elon Musk is set to pay $500 million to 6,000 workers fired without severance after his Twitter takeover
Tech billionaire Elon Musk is set to pay $500 million to 6,000 workers fired without severance after his Twitter takeover (Kevin Dietsch/Getty Images)