BRUSSELS Euro zone gross domestic product was flat in the first three months of this year against the

Their language was salty and the message was clear: game developers believed their livelihoods were under threat and they were...

WARREN, N.J.--(BUSINESS WIRE)--May 11, 2023--

NEW YORK--(BUSINESS WIRE)--Oct 19, 2023--

By Jonathan Stempel Warren Buffett's Berkshire Hathaway said on Wednesday it has sold about 5.5 million shares of

Elon Musk’s X has agreed to attempt to settle a lawsuit by former employees who say the company cheated them of severance pay following mass layoffs. After taking over Twitter, which he rebranded X recently, Mr Musk cut nearly two-thirds of the social media company’s workforce from about 8000 to 2,000, claiming he had “no choice” as the company was losing $4m per day. “Everyone exited was offered 3 months of severance, which is 50 per cent more than legally required,” Mr Musk said. Many laid-off employees, however, publicly announced they never got the severance they were due to get. In the months that followed, the company was hit by several lawsuits, including one alleging the layoffs disproportionately targeted women. Now, months after urging Twitter, the company has agreed to try and settle, according to a memo sent by Shannon Liss-Riordan, who represents the laid-off workers. The labour and civil rights attorney, representing nearly 2,000 ex-employees, said X would attempt to settle with the laid-off staff. “After 10 months of pressing them in every direction we have succeeded in getting Twitter to the table,” she wrote in the memo cited by Bloomberg. Further schedule for the mediation remains unclear, but reports suggest negotiations could happen on 1 and 2 December. X did not immediately respond to The Independent’s request for comment. Some ex-employees have alleged Twitter did not pay them promised severance either. One employee said earlier this year that he had “never even seen a severance letter let alone been offered severance”. While some former staff attempted to resolve the issue by first filing a class-action lawsuit against X, their contracts with Twitter, however, required that disputes be resolved via arbitration. “We are very proud to be representing nearly 2,000 former Twitter employees, in individual arbitrations as well as more than a dozen class action lawsuits in court,” Ms Liss-Riordan had earlier said in a statement, adding that lawyers and former staff were working to recover “what they are owed”. Read More Musk the messiah (or a very naughty boy?) Elon Musk ignores reporter after claims he stopped Ukrainian attack on Russia Elon Musk was on brink of death after catching malaria on South African safari, book claims Musk the messiah (or a very naughty boy?) Elon Musk warns of ‘civilisational risk’ posed by AI at historic gathering Musk was on brink of death after catching malaria on safari, book claims

Under Armour Inc forecast annual sales and profit below Wall Street expectations on Tuesday in a sign that

SEOUL South Korea's exports are expected to recover going forward, but at a sluggish pace compared with the

GSK Plc raised its guidance for the year after a strong start to 2023 as it prepares to

JPMorgan Chase & Co. said it’s being overbilled by an “army” of lawyers working for Charlie Javice, the

The European Parliament voted to completely ban real-time, remote biometric surveillance — a decision that will put lawmakers

LONDON Glencore, ExxonMobil and Stellantis are among companies lobbying for policies that conflict with their own pledges to