“Elon Musk’s X Demands Repayment from Fired Employees for Overpayments”

Elon Musk’s X, formerly known as Twitter, has issued a demand to terminated employees, asking for the return of money that the company claims was an overpayment. The letters sent to the ex-employees assert that they were significantly overpaid and request that the excess amounts be reimbursed. This development adds another layer of complexity to the ongoing adjustments and restructuring under Musk’s leadership.

In an unexpected twist for laid-off employees, billionaire Elon Musk’s X, formerly known as Twitter, has found itself in the midst of a financial mishap that spans continents.

According to the Sydney Morning Herald, the company has issued a peculiar request to its former employees in Australia: to return significant sums of money mistakenly overpaid due to a currency conversion error.

The overpayments, which occurred when finalizing entitlements after terminations, ranged from $1,500 to $70,000. The problem arose from an error in converting US dollars to Australian dollars.

The report said X’s Asia Pacific human resources department has taken action by sending legal notices to at least six former staff members.

The Sydney Morning Herald quoted one of these emails: “It has come to our attention that you received a significant overpayment in error in January 2023. We would be grateful if you could arrange the repayment to us at your earliest convenience.”

Adding to the complexity, the overpayment was linked to what X described as “deferred cash compensation” related to employee shares given when they joined the company, complicating the calculations and the resultant errors.

Author: Global Agritimes