Elon Musk and his social media company X (formerly Twitter) have reportedly reached a tentative settlement with former employees who sued for $500 million in severance pay. This agreement could resolve claims from approximately 6,000 workers terminated after Musk’s 2022 takeover.

• The lawsuit, led by former Twitter employee Courtney McMillian, alleged the company failed to provide agreed-upon severance, with some receiving only one month's pay or nothing.
• X and the plaintiffs jointly requested the US appeals court in San Francisco postpone an upcoming hearing to finalize settlement paperwork.
• This action by Musk followed a trend of mass layoffs across major tech companies like Facebook, Google, and Microsoft, after rapid hiring during the Covid-19 pandemic.