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Elon Musk’s $44 billion worth of Twitter takeover has been the talk of the town. The transfer of ownership has been rather chaotic as Musk was seen implementing an array of new changes to the social media platform. Alongside this, he reportedly revealed that he intends to slash jobs at the platform by half. Musk, certainly, invited legal trouble with this one. As per recent reports, a class action lawsuit was filed yesterday in the San Francisco federal court. It was recently brought to light that Musk wanted to take down about 3,700 jobs at Twitter. This is reportedly half of the social media platform’s workforce. While these employees were expected to be informed about the same today, the lawsuit could switch things up. According to Musk’s alleged plan, the employees that would lose their jobs would be given 60 days of severance pay. The latest lawsuit noted how Twitter was cutting down its workforce without providing enough notice. This was further consi...

The Twitter-Elon Musk buyout has new updates as the deal is anticipated to come to a final conclusion soon. In the most recent updates, the social media giant reportedly froze the equity award accounts of the employees on Monday. The move is in anticipation of the Elon Musk deal deadline inching closer. The decision by Twitter was announced in an updated FAQ employee page. The social media giant alerted the employees that they won’t be able to trade or access their shares from the Equity awards center. As per the details from people who are familiar with the matter, the move was made “in anticipation of the closing of the pending acquisition of Twitter by an entity controlled by Elon Musk .” JUST IN: Twitter , $ TWTR locks employees' stock accounts in anticipation of Elon Musk 's $44 billion buyout deal. — Watcher.Guru (@WatcherGuru) October 18, 2022 Twitter-Elon Musk deal to finalize soon The updated FAQ section states that this freeze wi...