Elon Musk's X Seeks Repayment from Laid-Off Australian Employees for Overpayment Error
The social media company formerly known as Twitter claims currency conversion mistakes led to significant overpayments, demanding up to $70,000 back from some ex-staff.
- X has asked at least six former Australian employees to repay overpayments ranging from $1,500 to $70,000.
- The overpayments resulted from errors in converting US dollars to Australian dollars for severance and share entitlements.
- Legal notices have been sent to the affected employees, with threats of legal action if repayments are not made.
- The company cites 'deferred cash compensation' related to shares issued when employees joined Twitter as the source of the error.
- Employment law experts suggest former employees request detailed evidence of the overpayment before complying.