The settlement would cover about 6,000 workers who were laid off after Elon Musk bought the company for $44 billion and rebranded it as X.

Elon Musk and his social media company X Corp. have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay.

Elon Musk’s social media company X has reached a settlement with former employees who sued for $500 million in severance pay after mass layoffs in 2022.