Twitter Inc is dealing with a lawsuit claiming it didn’t pay staff hundreds of thousands of {dollars} in promised bonuses, including to a pile of court docket instances filed since Elon Musk acquired the social media firm. Mark Schobinger, who was Twitter’s senior director of compensation and left the corporate final month, filed the proposed class motion in San Francisco federal court docket on Tuesday. Additionally Learn – OpenAI reportedly planning to launch retailer for AI fashions
Schobinger says that earlier than and after Musk bought Twitter final yr, the corporate promised workers that they might obtain 50 p.c of their goal bonuses for 2022. However these funds by no means materialised, in keeping with the lawsuit, which accuses Twitter of breach of contract. Additionally Learn – Music publishers are suing Twitter over copyright violations: Examine particulars
Twitter, also called X Corp, not has a media relations workplace. It responded to a request for touch upon the lawsuit with a poop emoji. Additionally Learn – Twitter could quickly restrict DMs for customers with out Twitter Blue subscription
Schobinger’s lawyer, Shannon Liss-Riordan, represents ex-Twitter staff in a number of different lawsuits and about 2,000 particular person arbitration instances stemming from mass layoffs ordered by Musk final yr. Twitter in these instances is accused of failing to pay promised severance and focusing on feminine workers and staff with disabilities for layoffs, amongst different claims. The corporate has denied wrongdoing.
Many landlords, distributors, and consultants have additionally sued Twitter over unpaid payments, a few of which Musk inherited when he purchased the corporate.
Twitter can also be being sued in Delaware by three former executives together with ex-CEO Parag Agrawal who say it reneged on obligations to reimburse greater than $1 million in authorized charges they incurred responding to requests from authorities regulators.
The lawsuit comes amid the corporate’s shift in enterprise technique to focus extra on video, creator, and commerce partnerships. Based on a earlier report, Twitter is holding early discussions with political and leisure figures, funds companies, and information and media publishers on potential partnerships. The proposal was a part of an investor presentation held by Twitter’s new chief govt officer, Linda Yaccarino, for the primary time since her appointment. Yaccarino and Musk consider {that a} pivot within the firm’s enterprise technique will revitalise Twitter past digital promoting.
— Written with inputs from Reuters
