00:00It's Benzinga, bringing Wall Street to Main Street.
00:03Elon Musk's ex is moving towards settling a class action lawsuit with ex-employees
00:08laid off after the billionaire's 2022 takeover, according to TechCrunch.
00:13Musk cut over 6,000 workers, shrinking headcount by about 80%.
00:17Musk offered three months severance, but many workers said they received partial or no payments.
00:23They also argued the payout was less than Twitter's 2019 severance plan,
00:27which promised senior employees up to six months' pay plus an additional week per year of service.
00:33A San Francisco judge previously ruled Musk was not obligated to honor those agreements,
00:37but the case had been appealed before the tentative settlement emerged.
00:41For all things money, visit Benzinga.com.
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