News

Suffering like Elon Musk’s employee: Having been fired, the company demanded his salary back and threatened to take him to court

The case involves 6 employees of X in Australia.

According to the Sydney Morning Herald, X Corp., Elon Musk’s company, is demanding money from at least six former Australian employees who were fired, on the grounds that the company accidentally paid them more than the legal limit. determined.

The report said ” X is threatening to take a number of former Australian employees to court, demanding that they return money that the company believes was overpaid due to an error in the currency conversion process from USD to AUD (US$). la Australian).”

Emails sent out this year by X’s Asia Pacific human resources department to laid-off employees said there was a mistake that led to overpayment of wages in January 2023. The amount of overpayment is said to range from A$1,500 to A$70,000 per employee.

As of now, no former employee has returned the money, according to The Sydney Morning Herald. One Australian dollar is currently worth approximately 0.67 US dollars.

“The company said the overpayments were related to ‘deferred bonuses’ in the form of employee shares issued to them when they joined Twitter,” the article said. “These shares are valued at 54.20 USD (82 AUD) each, the price at which Musk bought Twitter in 2022, and the total number of shares employees receive is based on their tenure at the company. “

X Corp. allegedly made a currency conversion error when employees were paid severance payments. According to one account, X paid stock bonuses at a conversion rate of 2.5 times the value of the stock.

The report said X asked the fired employees to repay the money at the most convenient time and said the company had the right to ask the court to return the money with interest.

Labor law expert Hayden Stephens says X’s former employees could be forced to pay back the money, but they should first ask X for a clear explanation of how the error occurred and request documentary evidence support. If it was a genuine mistake, usually under Australian employment law the employee is obliged to repay the money.

Related Posts

How Elon Musk Spends His Billions

Elon Musk, often likened to a real-life Tony Stark, has amassed a staggering net worth of approximately $225 billion, yet his lifestyle choices reflect a unique blend of…

Donald Trump’s Billionaire Lifestyle As US President

Donald Trump’s Billionaire Lifestyle As US President Donald Trump has never shied away from showcasing his wealth, and during his presidency, he lived a life filled with luxury…

The Trillionaire Life Of Elon Musk

Elon Musk, often dubbed the “real-life Tony Stark,” has become a household name synonymous with innovation and ambition. With a staggering net worth exceeding $200 billion, Musk’s ventures…

Meet Bow Wow’s Mom Teresa Caldwell Who Is an Author, Manager, Fashion Guru & Caring Grandma

Bow Wow and his mother Teresa Caldwell share a profound bond they fight to preserve — here are some things to note about the woman who wears many…

Meet Denzel Washington’s stunning wife of 40 years and their 4 kids — including famous son

The Gladiator II actor has been married to his wife Pauletta for over 40 years The tables were turned for Denzel Washington on Tuesday, as instead of his family supporting…

Who Is Samuel L. Jackson’s Wife? All About LaTanya Richardson Jackson

Samuel L. Jackson has been married to LaTanya Richardson Jackson for over 40 years When Samuel L. Jackson and LaTanya Richardson Jackson say they’re in it for the long haul, they mean…