What to Consider Before Accepting an Employee Buyout
David Peters, financial advisor and CPA, joined Cheddar News to break down exactly how employee buyouts work. HE described the method as a way for companies to cut payroll costs. "One of the things to consider is how long we think we're going to be without a job," he said. "That is going to help us to look at the deal that is being offered and help us decide if that's going to be the right thing for us."
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Elon Musk’s X has reached a tentative settlement with former employees of the company then known as Twitter who’d sued for $500 million in severance pay.