Severance package prevents ex-employees from suing the social media giant
Twitter has sent separation agreements to laid-off workers months after the layoffs happened – and it came with some big surprises.
Approximately 3,700 employees were to be laid off, according to a Bloomberg report in November 2022.
Now, these workers were offered one month of severance pay, reported the Los Angeles Times, citing documents that workers received on Saturday. That’s below the 60 days of severance pay that could be given to the same workers, as noted in the Bloomberg report.
Also, the separation agreement does not include year-end bonuses, cash contribution for healthcare continuation, additional severance based on tenure, or the cash value of restricted stock units that are typically vested every quarter, according to the LA Times report, citing the words of one former engineering manager.
These were all part of Twitter’s general severance package prior to Musk’s acquisition of the company.
"Now that the severance agreements have been sent to employees, Elon Musk has proven us correct: Twitter is in fact trying to shortchange employees and break promises," said lawyer Shannon Liss-Riordan, who is representing former Twitter employees, reported Business Insider.
She added that Twitter employees had been "promised much more" in severance.
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