X Layoffs News Today

Mark Schobinger, the former senior director of compensation at X (formerly Twitter), sued the company alleging that it promised employees 50% of their 2022 target bonuses but never made those payments.

This decision attracted further scrutiny, especially given the backdrop of Spotify's recent rare quarterly net profit of 65 million euros in October and its impressive 26% surge in active users, totalling 574 million for the third quarter.

X: U.S. District Judge Susan Illston on Tuesday said the plaintiff in the proposed class action, John Zeman, had provided enough evidence that the mass layoffs had a greater impact on older employees to continue pursing the case.