Elon Musk's X social media platform, formerly Twitter, has reportedly reached a tentative settlement in a $500 million class-action lawsuit over severance pay, the New York Times reports.

Elon Musk and his social media company X Corp have reached a tentative agreement to settle a lawsuit filed by former Twitter employees who said they were owed $500 million in severance pay. Attorneys for X Corp and the former Twitter employees reported the deal in a Wednesday court filing,

Musk acquired Twitter in 2022 and subsequently fired about 6,000 employees and re-branded the blue bird platform as X