Elon Musk and his company X Corp have reportedly come to a preliminary agreement to resolve a lawsuit initiated by former Twitter employees who claimed they were entitled to $500m in severance payments.

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.