Tag Archives: severance

More trouble for Tesla: Layoffs, severance snafu, and a painful stock downgrade

April 18, 2024 More trouble for Tesla: Layoffs, severance snafu, and a painful stock downgrade The EV maker saw its shares flirt with 52-week lows on Thursday as its troubles continued to mount. BY Ellie Stevens In an email obtained by CNBC Wednesday, Tesla CEO Elon Musk informed staffers that the severance packages sent to some … Continue reading More trouble for Tesla: Layoffs, severance snafu, and a painful stock downgrade

Twitter’s former CEO and other execs are suing Elon Musk and X for $128 million in unpaid severance

Twitter’s former CEO and other execs are suing Elon Musk and X for $128 million in unpaid severance The group says Musk “made up a fake cause” for their firing to avoid paying them. Karissa Bell   Tue, Mar 5, 2024 Anadolu via Getty Images A group of former Twitter executives, including former CEO Parag … Continue reading Twitter’s former CEO and other execs are suing Elon Musk and X for $128 million in unpaid severance