July 5, 2024

The Queens County Citizen

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Social network X sued for non-payment of bonuses to its employees

Social network X sued for non-payment of bonuses to its employees

Social network

The group's former employee, Mark Schobinger, sued the platform for breach of contract in June, arguing that Twitter promised its employees bonuses for 2022 if they stayed with the company acquired by Elon Musk through the first quarter of 2023. , the expected due date for this payment.

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Schobinger asserts a valid breach of contract claim under California law. He alleged that Twitter had verbally promised to pay each employee a portion of the proposed bonus.

“And by refusing to pay Schobinger the promised bonus, Twitter breached that contract,” the judge said.

The social network can appeal the court's decision.

Now owned by Elon Musk and renamed Famous Advertisers.

According to internal documents sent to staff and reported by technology publication The Verge, the company is now worth less than half of the $44 billion Elon Musk paid in October 2022 to buy it.

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