Elon Musk and x reach the settlement

Billionaire Elon Musk and his social media -firm X have reached a pre -settlement with former employees who sued $ 500 million (£ 373 million) for payment.

The parties reported the court agreement on Wednesday, asking the US Appeal in San Francisco to postpone the future hearing to allow the time to resolve the documents.

Some workers sued the company for their termination and packages for exit 6000 employees – more than half of her labor – were fired As part of the cost reduction after Musk took over the company in 2022.

The BBC contacted X – previously called Twitter – and lawyers representing employees for comment.

“In principle, the parties reached the settlement agreement and began negotiating the terms of a long agreement on the settlement of the form,” according to the court documents submitted by both parties noticed by the BBC.

The details of the agreement are not yet publicly available and will require the approval of the courts.

A lawsuit led by a former Twitter employee McMilian said that about 6,000 people were mistaken in helping to scare away the company.

They claimed that the firm did not provide payments to six months of salaries, among other conditions.

But Twitter gave only the fired workers at a maximum of the payment of payment, while some did not receive anything according to the lawsuit.

Musk has dropped thousands of Twitter staff worldwide, reducing trust and security and security, human rights and media.

Twitter dismissals were one of the earliest cuts among technology firms to cut costs. Often, the workers of the ranking and the file were first fired.

In the early days of the Covid-19 Pandemy pandemic, many companies went to hire when digital tools grew.

Companies such as Facebook, Google and Microsoft have laid tens of thousands of workers in the coming years.

Musk, which was appointed for several months to stuff President Donald Trump Department of Government EfficiencyMade similar steps when it used thousands of federal workers earlier this year.

The Department was instructed to reduce government costs and job reduction.

Additional reporting by Lily Jamali