- X Corp., led by Elon Musk, demands repayment from ex-Australian employees over currency conversion error.
- Employees mistakenly overpaid due to incorrect USD to AUD conversion rates in January 2023.
- Legal battles continue as former US-based employees of X Corp. pursue unpaid severance claims post-Twitter acquisition.
Elon Musk’s X Corp. is seeking repayment from six former Australian employees after an error led to overpayments. The company mistakenly paid between $1,500 to $70,000 per employee due to a currency conversion mistake from US dollars to Australian dollars in January 2023. Despite demands, none of the ex-employees have returned the funds yet.
Legal experts indicate that under Australian law, genuine overpayments typically require repayment. Meanwhile, X Corp. faces ongoing legal battles in the US, where thousands of former employees are pursuing unpaid severance claims following Musk’s acquisition of Twitter. Settlement negotiations have stalled, adding to the company’s legal challenges amidst disputes over vendor payments.
