News Summary

Elon Musk’s company, X Corp, has reached a tentative settlement with former Twitter employees regarding a lawsuit claiming $500 million in unpaid severance. This settlement follows a legal battle that began after Musk’s acquisition of Twitter in 2022, during which he laid off over 6,000 employees. The lawsuit, led by former employees Courtney McMillian and Ronald Cooper, alleged that Musk failed to honor a 2019 severance plan, which promised two months of base pay plus additional compensation based on years of service. The case had seen previous dismissals but has now moved towards resolution with this agreement, pending finalization.