X platform found an error in converting US dollars to Australian dollars paying an extra $70000 (Image: X @Elon Musk)
According to the Sydney Morning Herald, billionaire Elon Musk’s X company has asked its dismissed employees in Australia to return the overpaid sum of money at the earliest to the company, and alleged that the amount was accidentally overpaid to them.
The platform which laid off around 80 per cent of employees since Musk’s acquisition had reportedly made a mistake while offering severance pay to the employees and now demands the repayment or legal action might be taken against these ex-employees if they do not comply with its procedure.
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X platform found an error in converting US dollars to Australian dollars paying an extra $70000 for some and acknowledged its mistakes. The former employees were asked to repay amounts, within a period the report said.
when employees were paid their entitlements after they were furloughed led to currency conversion errors made by X overpayments of between $1,500 and $70,000, according to the report, they overpaid at least 6 former staff and have sent legal notices to them.
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The Sydney Morning Herald quoted X’s Asia Pacific human resources department as saying “It has come to our attention that you received a significant overpayment in error in January 2023,” drafting an email to several former employees. “We would be grateful if you could arrange the repayment to us at your earliest convenience,” it added.
X, earlier known as the Twitter platform has been accused in multiple suits of several labour and workplace violations, including failing to pay severance to thousands of workers fired after Musk’s $44 billion acquisition in 2022. It also said that the overpayment was related to “deferred cash compensation” in the form of employee shares paid to the staff at the time they joined the platform. In 2023, employees alleged that they were cheated of severance pay when the billionaire Elon Musk dismissed them after conquering Twitter and changed the social media platform naming it X.
