Elon Musk and X reach settlement with axed Twitter workers

Details of the agreement are vague

Following a lawsuit filed by the Axios news outlet, revealing that Elon Musk had fired approximately half of the Twitter workforce via mass layoffs, the CEO has settled with Twitter Inc. employees. According to a filing with the SEC, the company has listed "$1,000,000,000.00" as the settlement amount. It is unclear as to whether this settlement will be paid out in full or if this is simply a figure placed for accounting purposes.

No details of the terms

Twitter has not disclosed any terms or conditions of this settlement, and it is believed that the financial details of the settlement will remain confidential between the involved parties. It is believed that the lawsuit filed on behalf of the Twitter employees was a key catalyst in Musk and X advancing settlement agreements for terminated employees. It is not known if this settlement will set a precedent for future layoffs in return for outstanding payments and benefits.