The lawsuit was filed in June by Mark Schobinger, the company’s former head of compensation, on behalf of himself and thousands of other current and former employees.
The claimants are suing the company for allegedly failing to honor verbal promises that all employees working at X as of January 1, 2023, would be paid a portion of their annual bonuses.
In a statement shared with Business Insider, the plaintiff’s attorney, Shannon Liss-Riordan, said the bonuses owed amounted to “tens of millions of dollars.”
The lawsuit claims that management at Twitter promised employees they would be paid 50% of their 2022 annual bonus if they stayed with the company during Musk’s takeover, which was finalized in October 2022.
Schobinger quit in May and said that X “reneging on various promises it had made to employees,” including its failure to pay the 2022 bonuses, was to blame, per the complaint.
The company has faced several lawsuits in recent months over missed payments on rent and other services, as well as unsuccessful suits from employees who were laid off or quit shortly after Musk’s takeover.
The original article contains 413 words, the summary contains 180 words. Saved 56%. I’m a bot and I’m open source!
This is the best summary I could come up with:
The lawsuit was filed in June by Mark Schobinger, the company’s former head of compensation, on behalf of himself and thousands of other current and former employees.
The claimants are suing the company for allegedly failing to honor verbal promises that all employees working at X as of January 1, 2023, would be paid a portion of their annual bonuses.
In a statement shared with Business Insider, the plaintiff’s attorney, Shannon Liss-Riordan, said the bonuses owed amounted to “tens of millions of dollars.”
The lawsuit claims that management at Twitter promised employees they would be paid 50% of their 2022 annual bonus if they stayed with the company during Musk’s takeover, which was finalized in October 2022.
Schobinger quit in May and said that X “reneging on various promises it had made to employees,” including its failure to pay the 2022 bonuses, was to blame, per the complaint.
The company has faced several lawsuits in recent months over missed payments on rent and other services, as well as unsuccessful suits from employees who were laid off or quit shortly after Musk’s takeover.
The original article contains 413 words, the summary contains 180 words. Saved 56%. I’m a bot and I’m open source!