INVESTOR HUB
  • Home
  • Personal Finance
  • Fintech
  • Company Earnings
  • Sustainable investing
  • Retirement
  • Side hustle
  • Crypto
  • More
    • Stock market
    • Commodities
    • Politics
No Result
View All Result
INVESTOR HUB
No Result
View All Result
Home Fintech

Twitter Promised Them Severance. They Got Nothing

Investor-hub by Investor-hub
January 7, 2023
in Fintech
0
Twitter Promised Them Severance. They Got Nothing
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


Shortly after taking over Twitter, Elon Musk laid off round 50 p.c of the corporate’s employees. On the identical day, he tweeted that every one these laid off would obtain three months of severance pay. However, after two months of ready for the corporate to say what sort of severance and advantages might be accessible, a number of former Twitter workers say they’ve heard nothing.

As weeks of ready flip into months, former staffers within the US are submitting arbitration fits, whereas some within the UK are attempting to barter phrases. In different nations the place Twitter laid off employees, folks have heard nothing.

Quickly after the layoffs had been introduced, Twitter was compelled to backtrack and hold some employees on payroll for longer. California workers had been employed, although not working, till January 4 to keep away from operating afoul of the state’s Employee Adjustment and Retraining Notification Act, or WARN. In New York, former staffers might be employed for an additional month in accordance with state legal guidelines. However as these deadlines move, Twitter’s silence has develop into deafening. 

Seven former Twitter workers who spoke to WIRED stated that they had not obtained details about their severance, regardless of some coming as much as or being previous their final day on the firm. Final month, a handful of former workers announced that they’d be submitting arbitration circumstances in opposition to the corporate, alleging that it had violated the WARN Act and that its dealing with of the layoffs constituted a breach of contract.

One former worker, who was laid off in November, is ready on authorized proceedings to see whether or not they’ll be given severance in any respect—and isn’t assured they are going to be. One other, who was laid off in early November, has heard nothing from the corporate. 

A 3rd has but to obtain any particulars of severance, though they’ve been chasing Twitter for data since they had been fired in November. They’d been promised not less than twice earlier than that they’d be given particulars of their bundle—and every time the promised deadline handed with none data.

An ex-staffer within the UK says that they’ve additionally not obtained phrase about severance however are at the moment discussing phrases with the corporate on behalf of the some 300 employees based mostly within the nation.

A former worker from Twitter’s Accra, Ghana, workplace, which was open for lower than every week earlier than its whole employees was laid off, says that they, “like different employees globally, had been assured severance however haven’t heard from them but.” The previous worker says they weren’t positive what, if any, recourse they could have in opposition to the corporate in Ghana.

Twitter is, nonetheless, offering severance to some. One former contractor says their boss obtained their severance particulars on January 5. As for the contractor, they got a field of candies by the company that acquired them the job at Twitter. All former Twitter staffers contacted for this story had been granted anonymity as a result of speaking to the media might have an effect on them being granted severance pay. 

Whereas some selected to attend till their official standing as workers expired on January 4, others selected to take preemptive authorized motion in opposition to the corporate. 





Source link

Tags: PromisedSeveranceTwitter
Previous Post

Why do Brits hate maths? Go figure

Next Post

Analysts have reduced Silgan Holdings Inc.’s earnings per share estimates for fiscal year 2023. (NYSE:SLGN)

Next Post
Analysts have reduced Silgan Holdings Inc.’s earnings per share estimates for fiscal year 2023. (NYSE:SLGN)

Analysts have reduced Silgan Holdings Inc.'s earnings per share estimates for fiscal year 2023. (NYSE:SLGN)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Related News

Leveraging Impact Linked Finance to Drive Agricultural Transition

Leveraging Impact Linked Finance to Drive Agricultural Transition

February 28, 2023
Invigorated and innovative client-first approaches are expected from financial institutions as 2023 – Global Banking And Finance Review

Real Fastigheter's (NGM:REAL) Earnings Quality Is Low – Simply Wall St

March 4, 2023
Working Out The Bugs On The Bureau Of Prisons First Step Act Calculator

Working Out The Bugs On The Bureau Of Prisons First Step Act Calculator

January 13, 2023

Browse by Category

  • Commodities
  • Company Earnings
  • Crypto
  • Fintech
  • Personal Finance
  • Politics
  • Retirement
  • Side hustle
  • Stock market
  • Sustainable investing

Recent News

Delinquencies On The Rise; Warning Signs Of Problem Credit Card Usage

Delinquencies On The Rise; Warning Signs Of Problem Credit Card Usage

March 20, 2023
Invigorated and innovative client-first approaches are expected from financial institutions as 2023 – Global Banking And Finance Review

Iraq, 20 Years Later: A Changed Washington and a Terrible Toll on America – The New York Times

March 20, 2023

Categories

  • Commodities
  • Company Earnings
  • Crypto
  • Fintech
  • Personal Finance
  • Politics
  • Retirement
  • Side hustle
  • Stock market
  • Sustainable investing

Follow Us

Recomended

  • Delinquencies On The Rise; Warning Signs Of Problem Credit Card Usage
  • Iraq, 20 Years Later: A Changed Washington and a Terrible Toll on America – The New York Times
  • Two companies, one trade: the switch that keeps Putin’s oil flowing
  • The Psychology That Brought Down Silicon Valley Bank Is Not Going Away
  • Humbled ‘crypto bros’ don blazers for Boca Raton

© 2022 Investor Hub | All Rights Reserved

No Result
View All Result
  • Home
  • Personal Finance
  • Fintech
  • Company Earnings
  • Sustainable investing
  • Retirement
  • Side hustle
  • Crypto
  • More
    • Stock market
    • Commodities
    • Politics

© 2022 Investor Hub | All Rights Reserved

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?