Elon Musk wants sacked staff to return the MoneyHot Buzz

June 15, 2024 21:00
Elon Musk wants sacked staff to return the Money

(Image source from: News9live.com)

Billionaire Elon Musk's social network X, formerly known as Twitter, admitted it made a mistake when it switched its payment currency from US dollars to Australian dollars and in some cases asked former employees to pay back up to $70,000, reports said Wednesday. Alleged currency conversion errors According to the report, at least six former X employees have received legal notices. "It has come to our attention that you were significantly overpaid in January 2023," the Sydney Morning Herald reported, citing Asia Pacific X's HR department emailing several former employees this year.

“We would appreciate it if you could make the repayments at a time convenient for you,” he continued. The Elon Musk-led company referred to "deferred cash compensation" in the form of employee shares that employees received when they joined Twitter. X has been accused of several complaints, including failing to pay severance payments to thousands of workers who were laid off after Musk's 2022 $44 billion takeover. Last year, thousands of former Twitter employees said they were denied severance pay. The billionaire fired him after he bought the social media site.

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Elon Musk  X  Twitter