Elon Musk He is a recognized figure today due to the success of companies such as Tesla, SpaceX or more recently for acquiring Twitter and renaming said social network as X.
However, the magnate has also drawn the company’s attention for his ethics and legal problems with former employees. So much so that he currently faces class action lawsuits totaling hundreds of millions of dollars.
A turbulent 2024 for Elon Musk
Although this is daily bread for a businessman of Musk’s magnitude, the demands intensified after making massive layoffs at Xwhich brought the billionaire to justice, accused of evading severance pay.
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Let us remember that after assuming the full control of Twitter, The South African businessman drastically reduced the number of workers within the company, going from 7,500 employees to approximately 1,300.
And of course, the people affected are making themselves heard through legal actionsincluding a lawsuit that exceeds 500 million dollars for unpaid compensation to former engineers and managers.
For the latter, it will be the courts of Delawarewhere Musk has already faced previous legal challenges, who decides the future of this case.
But that’s not all, since there is another large lawsuit made up of other former members of the Twitter team who accuse fraud and breach of contractemphasizing that Musk had no intention of complying with the agreed agreements.
Tesla and SpaceX are not far behind
In addition to the legal challenges that plague Xthe automobile plant Tesla in Fremont faces a class action lawsuit from almost 6,000 employees for discrimination and racisma topic that has been generating controversy and media attention.
For its part, SpaceX is in the middle of a legal battle arising from the dismissal of employees who publicly criticized Musk’s conduct. For this case, in an unexpected turn, SpaceX chose to sue the National Labor Relations Board (NLRB), thus marking its defensive strategy towards employees.
All in all, it is clear that this will not be an easy year for Elon Musk. The millions he risks on the stand, added to the loss of confidence and credibility on the part of its thousands of employees threaten its empire.
Unless you change your strategy and get advice work ethic expertsthis scenario could only get worse.