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Search resuls for: "Mark Schobinger"


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Companies Twitter Inc FollowJune 21 (Reuters) - Twitter Inc is facing a lawsuit claiming it failed to pay workers millions of dollars in promised bonuses, adding to a pile of court cases filed since Elon Musk acquired the social media company. Schobinger says that before and after Musk purchased Twitter last year, the company promised employees that they would receive 50% of their target bonuses for 2022. But those payments never materialized, according to the lawsuit, which accuses Twitter of breach of contract. Twitter in those cases is accused of failing to pay promised severance and targeting female employees and workers with disabilities for layoffs, among other claims. Many landlords, vendors and consultants have also sued Twitter over unpaid bills, some of which Musk inherited when he bought the company.
Persons: Elon Musk, Mark Schobinger, Schobinger, Musk, Shannon Liss, Riordan, Parag Agrawal, Daniel Wiessner, Alexia Garamfalvi, Conor Humphries Organizations: Twitter, Elon, X Corp, Thomson Locations: San Francisco federal, Delaware, Albany , New York
Executives repeatedly promised employees the bonuses would be paid out, the suit alleged. This time the lawsuit is a class-action filed by Mark Schobinger on behalf of himself and other current and former Twitter employees. The lawsuit alleged employees were not paid a proportion of their 2022 bonuses, despite repeated promises from top executives. In a statement shared with AP an attorney for the plaintiffs, Shannon Liss-Riordan said the bonuses Twitter owed amounted to "tens of millions of dollars." One former executive said, however, that he and other Twitter employees had been harassed over the release of the files.
Persons: Mark Schobinger, Ned Segal, Schobinger, Elon Musk, Shannon Liss, Riordan, Musk Organizations: Twitter, Elon, AP
The suit is seeking class action status for former and current Twitter employees who did not receive their 2022 bonus. In the months leading up to Musk completing his acquisition of Twitter, company executives repeatedly promised employees that 2022 bonuses would be paid out at 50% of the target, according to the complaint. Despite the promises, however, Twitter has yet to pay out bonuses, the lawsuit says. Liss-Riordan previously brought multiple proposed class action suits against Twitter, including on behalf of female employees and disabled employees. Twitter has denied the breach of contract allegations in the lawsuit brought by former employees about remote work and severance.
Persons: Elon Musk, Mark Schobinger, ” Shannon Liss, Riordan, Musk, Schobinger, Twitter’s, Musk’s Organizations: CNN, Twitter, Liss Locations: San Francisco federal, Schobinger
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