Twitter failed to pay out annual bonuses to staff after its acquisition by billionaire Elon Musk despite repeated assurances from executives in the lead-up to the deal closing that the company would do so, according to a new lawsuit filed on behalf of e...
The lawsuit was filed in a San Francisco federal court on Tuesday by Mark Schobinger, who was a senior director of compensation at Twitter until he left the company late last month. The suit is seeking class action status for former and current Twitter employees who did not receive their 2022 bonus.
Twitter, which has cut much of is public relations team, did not respond to CNN's request for comment. In the months leading up to Musk completing his acquisition of Twitter, company executives repeatedly promised employees that 2022 bonuses would be paid out at 50% of the target, according to the complaint."The promise was repeated following Musk's acquisition," the complaint said.
The lawsuit is the latest in a string of legal actions taken by former Twitter employees after Musk's acquired the company and slashed 80% of the staff in an urgent bid to cut costs.
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