DALLAS--(BUSINESS WIRE)--Jun 28, 2023--

Elon Musk’s X has agreed to attempt to settle a lawsuit by former employees who say the company cheated them of severance pay following mass layoffs. After taking over Twitter, which he rebranded X recently, Mr Musk cut nearly two-thirds of the social media company’s workforce from about 8000 to 2,000, claiming he had “no choice” as the company was losing $4m per day. “Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required,” Mr Musk said. Many laid-off employees, however, publicly announced they never got the severance they were due to get. In the months that followed, the company was hit by several lawsuits, including one alleging the layoffs disproportionately targeted women. Now, months after urging Twitter, the company has agreed to try and settle, according to a memo sent by Shannon Liss-Riordan, who represents the laid-off workers. The labour and civil rights attorney, representing nearly 2,000 ex-employees, said X would attempt to settle with the laid-off staff. “After 10 months of pressing them in every direction we have succeeded in getting Twitter to the table,” she wrote in the memo cited by Bloomberg. Further schedule for the mediation remains unclear, but reports suggest negotiations could happen on 1 and 2 December. X did not immediately respond to The Independent’s request for comment. Some ex-employees have alleged Twitter did not pay them promised severance either. One employee said earlier this year that he had “never even seen a severance letter let alone been offered severance”. While some former staff attempted to resolve the issue by first filing a class-action lawsuit against X, their contracts with Twitter, however, required that disputes be resolved via arbitration. “We are very proud to be representing nearly 2,000 former Twitter employees, in individual arbitrations as well as more than a dozen class action lawsuits in court,” Ms Liss-Riordan had earlier said in a statement, adding that lawyers and former staff were working to recover “what they are owed”. Read More Musk the messiah (or a very naughty boy?) Elon Musk ignores reporter after claims he stopped Ukrainian attack on Russia Elon Musk was on brink of death after catching malaria on South African safari, book claims Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering Musk was on brink of death after catching malaria on safari, book claims

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By Suzanne McGee Investment manager Valkyrie Funds LLC has begun adding ethereum futures to its existing Bitcoin futures

SEOUL, South Korea--(BUSINESS WIRE)--Aug 8, 2023--

By Echo Wang and Anirban Sen NEW YORK Arm Holdings Ltd, the chip designer owned by SoftBank Group

WhatsApp has launched “channels” globally, allowing people to follow celebrities and companies from within the chat app. The new feature means that people will be able to broadcast messages to all of their followers, like a private social network. It has already been joined by sporting organisations, celebrities and others, WhatsApp said. Olivia Rodrigo and Man City are part of “thousands” of channels on the app, it said. Mark Zuckerberg, chief executive of WhatsApp parent company Meta, will also be launching his own channel to support the global launch, the company said. WhatsApp will also have its own channel for updates within the app. WhatsApp’s Channels feature rolled out earlier this year, copying other apps such as Telegram. They work something like a group chat in which only one person can post: Mark Zuckerberg can send messages to everyone in his channel, for instance, but they will not be able to reply to him. Since it was first introduced, in ten countries initially, WhatsApp has added a range of changes to the system. That includes a new, better directory for finding channels, reactions on posts, edits to updates and the option to forward updates. “This is just the beginning, and we’ll continue to add more features and expand Channels based on feedback we get from users. Over the coming months, we’ll also make it possible for anyone to create a channel,” WhatsApp said in its announcement. The tool is now rolling out globally, to more than 150 countries, WhatsApp said. It should appear “over the next few weeks”, and users can sign up to a waitlist to be notified when it becomes available. Read More France bans Apple iPhone 12 sales due to ‘too high radiation’ Why Apple getting rid of lightning cable iPhone charger is a big deal Here’s the brand new Apple Watch

PORTLAND, Ore.--(BUSINESS WIRE)--Aug 1, 2023--

PASADENA, Calif.--(BUSINESS WIRE)--Jun 1, 2023--