After Elon Musk’s acquisition of Twitter, a string of scandals continues to unfold. The company has already changed its name and logo, introduced a paid subscription model, strained relations with major advertisers like Apple, faced accusations of antisemitism, entered financial distress leading to legal actions, and is now hit with a blow from former Twitter executives. Four ex-company executives are suing Elon Musk for $128 million, claiming unpaid severance following widespread layoffs. Here are the details…

Former Twitter CEO and Executives Sue Elon Musk for $128 Million in Unpaid Severance

When Elon Musk acquired Twitter, one of his first actions was to cut costs. The company parted ways with numerous employees at various levels for this purpose. However, this decision turned out to be a headache for Musk because four former Twitter (X) executives filed a lawsuit claiming over $128 million in unpaid compensation against the company and its owner, Elon Musk.

Elon Musk Twitter

Notably, one of these individuals is the former CEO of the company. In the lawsuit filed on Monday in the California federal court, Parag Agrawal, the former CEO of X, along with CFO Ned Segal, Chief Legal Officer Vijaya Gadde, and General Counsel Sean Edgett, alleged that Musk deliberately failed to fulfill their compensation rights.

Since Elon Musk acquired Twitter for $44 billion in 2022, it’s just one of the many lawsuits that have been filed against the eccentric billionaire. It seems that no matter what the crazy billionaire does, he can’t escape legal action. Moreover, these are quite serious allegations.

For instance, the unpaid $10 million compensation could turn into a much larger penalty for Musk as a result of the lawsuit. When these and similar situations are combined with the already dwindling market value of Twitter, it could potentially drop the billionaire businessperson much lower in the list of the world’s richest.

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