Elon Musk's X settles $128 million lawsuit with ex-Twitter execs
Elon Musk's X has agreed to settle a $128 million lawsuit with four former Twitter executives, including ex-CEO Parag Agrawal.
The execs claimed they were denied a year's salary and stock options after Musk's 2022 takeover.
The deal is confidential and still needs final court approval.
X maintains it acted within bounds
X insists it did nothing wrong, saying these execs were let go for performance reasons, not to dodge severance.
For now, the court is giving both sides more time to wrap things up.
X previously settled $500 million class-action lawsuit
This isn't the only severance drama at X. After Musk's takeover, staff was slashed from 7,500 to 2,000.
Just two months ago, X settled a $500 million class-action lawsuit from thousands of ex-employees over unpaid severance, showing how messy big tech layoffs can get.
Settlements offer glimpse into corporate upheavals' aftermath
These settlements give a rare peek into the real-life fallout of massive corporate shakeups—especially when tech giants try to cut costs fast.
For anyone curious about what goes on behind the scenes when companies change hands, it's a reminder that even top execs aren't immune to the chaos.