Musk Agrees to Pay $128 Million Settlement to Former Twitter Executives

Breaking News: Elon Musk Settles Lawsuit with Former Twitter Executives Over Unpaid Severance Elon Musk has agreed to settle a $128 million lawsuit brought by four former top executives at Twitter, now X, over unpaid severance payments. The settlement comes after the executives, including former CEO Parag Agrawal, argued that Musk fired them "without reason" in 2022 and denied them severance. Timeline of Events The lawsuit was filed last year, with the plaintiffs seeking one year's salary and stock awards under a years-old severance plan. The parties reached a settlement last week, according to court filings, but details of the agreement remain confidential. Immediate Impact and Response The settlement is seen as a significant development in the ongoing saga surrounding Musk's acquisition of Twitter. The move may help alleviate concerns about Musk's treatment of former employees and potentially mitigate future litigation. However, the terms of the settlement are not publicly disclosed, leaving questions about how this will impact other affected workers. Background Context The lawsuit is one of several legal challenges over unpaid severance for workers laid off after Musk took over Twitter in 2022. The controversy has raised concerns about Musk's leadership style and treatment of employees at X, formerly known as Twitter. What Happens Next The settlement will likely have significant implications for the tech industry, with many watching to see how this affects employee relations and severance packages. As details emerge, it remains to be seen whether this marks a turning point in Musk's approach to leadership or simply a strategic move to avoid further litigation. *This story is developing. Information compiled from Bbc reporting.*