X Lands In Legal Battle Over Unpaid Employee Bonuses
Mark Schobinger, X's former Senior Director of Compensation, has won a legal battle against X after the latter defaulted bonus payments.
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Mark Schobinger, X's former Senior Director of Compensation, has won a legal battle against X after the latter defaulted bonus payments.
Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp., had promised its employees, a federal judge ruled on Friday.
In this entry into the list of lawsuits over unpaid Twitter bills, Courthouse News reports Mark Schobinger’s class action lawsuit is over unpaid 2022 annual bonuses. Schobinger, notably, is Twitter’s former senior director of compensation. He says execs’ promises of a 50 percent payout for those who remained through Q1 of 2023 kept employees around during Elon’s “hardcore” takeover, but now the company argues its oral promise wasn’t enforceable. The judge didn’t buy that, writing that “Twitter’s contrary arguments all fail,” so the case will proceed.
A US federal court ruled on Friday that social media company Twitter, now branded X, violated contracts by failing to pay annual performance bonuses it orally promised its workers.
Twitter violated contracts by failing to pay millions of dollars in bonuses that the social media company, now called X Corp, had promised its employees, a federal judge ruled on Friday. Mark Schobinger, who was Twitter's senior director of compensation before leaving Elon Musk's company in May, sued Twitter in June, claiming breach of contract. Schobinger's suit alleged that before and after billionaire Musk bought Twitter last year, it promised employees 50% of their 2022 target bonuses but ne