Elon Musk's X social media platform, formerly Twitter, has reportedly reached a tentative settlement in a $500 million class-action lawsuit over severance pay, the New York Times reports. The suit stems from when Musk took over Twitter in 2022;

The settlements are an about-face for the billionaire, whose company fought with former workers over whether it owed them severance pay.

In October 2022, Elon Musk officially took over X and moved quickly to lay off over 70 percent of the workforce. Former staffers subsequently filed a lawsuit claiming they received only a month of severance pay or, in some cases, no severance at all.