Court: Musk does not owe ex-Twitter staffers severance

Elon Musk has won a court ruling dismissing a lawsuit that claimed his company, X Corp., owed former Twitter employees $500 million in severance pay following mass firings after Musk's takeover of the social media platform in 2022. The lawsuit alleged that X Corp. paid less severance than what was contractually promised to the fired employees. The federal judge ruled that Musk's company did not owe the ex-employees any additional severance as they were notified they would only receive cash payouts after the takeover. Despite this victory, Musk still faces other lawsuits from former Twitter executives seeking severance payments. Since the mass firings, X Corp. has significantly reduced Twitter's staff and faced financial struggles, with losses reported in the first quarter of 2023. Musk's cost-cutting measures have reduced Twitter's workforce to 1,500 employees from around 8,000 before the takeover. The plaintiffs' law firm expressed disappointment in the ruling and is considering their options for moving forward.