Musk and X Corp Settle Landmark $500M Twitter Firing Lawsuit
Elon Musk's X Corp reaches massive settlement over controversial Twitter workforce purge—proving once again that in Silicon Valley, even wrongful termination has a nine-figure price tag.
The $500 million agreement avoids what promised to be a brutal courtroom showdown over Musk's abrupt dismissal of thousands of Twitter employees following his acquisition. Legal experts call it one of the largest employment settlement packages in tech history.
Plaintiffs alleged mass violations of labor laws during Twitter's transition to X Corp's ownership. The settlement spares Musk from potentially damaging testimony about his management style—and spares shareholders from further distraction.
Because nothing says 'innovation' like writing half-billion-dollar checks to make problems disappear. Just another cost of doing business when you're playing with monopoly money and other people's careers.