Source: blockchain.news
Elon Musk He might be the new owner of social media giant Twitter Inc, but he sure isn’t starting off on the right foot.
The company has recently been sued through a class action lawsuit seeking to bar the company from laying off more than 50% of its staff as planned.
Rumors of an impending downsizing have always been a big fear since the negotiations that led to the completion of the $44 billion company. According to multiple reports, Musk began laying off a projected 3,700 employees on Friday, a move that has drawn criticism from observers across the board.
The class action lawsuit was brought by Shannon Liss-Riordan, the lawyer who also took Elon Musk and his electric carmaker subsidiary, Tesla Inc, to court in June, when 10% of the workforce was laid off at the time. . Although Liss-Riordan lost the lawsuit at the time, she is confident that Musk can’t keep beating the law wherever he wants to go.
“We are filing this lawsuit tonight in an attempt to make sure that employees know that they should not give up their rights and that they have an avenue to exercise their rights,” Shannon Liss-Riordan said in an interview.
Specifically, Elon Musk is being accused of violating California and federal law, as the federal Worker Adjustment and Retraining Notice (WARN) Act requires that large companies be expected to give notice of 60 days in the event of a dismissal.
The lawsuit, filed in San Francisco, demands that Musk and Twitter do the right thing while preventing staff from signing documents that would cause them to waive their rights in civil lawsuits against the company.
As the renowned proponent of Dogecoin (DOGE), the demand outlook, as well as the rocky start to his tenure as owner of Twitter with ad clients leaving the platform, the memecoin derailed its growth path, falling 4 .37% to $0.1244, the only coin in the top 10 with losses in the last 24 hours.
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