They have not. Not in California, New York, or Washington states anyway. California updates Tuesdays and Thursdays but nothing was filed last week.
Tesla filed 3 WARN notices in California in July so Musk or Musk’s lawyers at least know how to file them.
From what I understand, Twitter’s standard terms of severance allow for two months salary and benefits and some sort of accelerated vesting towards the next quarter. That’s been the big question for employees because they vest quarterly (though each person could have a different vest date) and the terms of the acquisition were that RSUs were converted to cash to be paid out on the vest schedule. Some in the press speculated that Musk was trying to avoid paying our November 1 vests by firing early, but given that you’d need a WARN notice anyway, that wouldn’t prevent anything. If there was an accelerated vest you missed by a few days, that might be something that could be avoided, but I don’t know.
Still, even if you are paying out two months of benefits and salary (and potentially maybe even more, with accelerated vesting), that doesn’t mean a company doesn’t have to file a WARN notice.
And with the expected figures being 25% of employees (~1800 people), that figure would qualify as a mass layoff by federal definition, irrespective of the company’s total size, and irrespective of the 50 or 100 per site thresholds that are true for specific states.
Tesla filed 3 WARN notices in California in July so Musk or Musk’s lawyers at least know how to file them.
From what I understand, Twitter’s standard terms of severance allow for two months salary and benefits and some sort of accelerated vesting towards the next quarter. That’s been the big question for employees because they vest quarterly (though each person could have a different vest date) and the terms of the acquisition were that RSUs were converted to cash to be paid out on the vest schedule. Some in the press speculated that Musk was trying to avoid paying our November 1 vests by firing early, but given that you’d need a WARN notice anyway, that wouldn’t prevent anything. If there was an accelerated vest you missed by a few days, that might be something that could be avoided, but I don’t know.
Still, even if you are paying out two months of benefits and salary (and potentially maybe even more, with accelerated vesting), that doesn’t mean a company doesn’t have to file a WARN notice.
And with the expected figures being 25% of employees (~1800 people), that figure would qualify as a mass layoff by federal definition, irrespective of the company’s total size, and irrespective of the 50 or 100 per site thresholds that are true for specific states.