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Former Employees Sue Tesla over 'Mass Layoffs'

By Michael Elkins A lawsuit was filed Sunday by two former Tesla (NASDAQ:TSLA) employees in Texas. The lawsuit alleges that the electric car company violated federal law by not...
Former Employees Sue Tesla over 'Mass Layoffs' © Reuters. Former Employees Sue Tesla (TSLA) over 'Mass Layoffs'

By Michael Elkins

A lawsuit was filed Sunday by two former Tesla (NASDAQ:TSLA) employees in Texas. The lawsuit alleges that the electric car company violated federal law by not providing enough advanced notice before carrying out "mass layoffs." According to the suit, more than 500 employees were terminated at Tesla’s Nevada factory.

The suit is seeking class-action status for all former Tesla employees throughout the United States who were laid off in May or June without advance notice.

"Tesla has simply notified the employees that their terminations would be effective immediately," the complaint said.

Tesla CEO, Elon Musk said on June 2nd that he had a "super bad feeling" about the economy and that Tesla needed to cut staff by about 10%, according to an internal email.

The two workers who filed the suit, John Lynch and Daxton Hartsfield, were fired on June 10 and June 15 respectively. They are seeking pay and benefits for the 60-day notification period.

"It's pretty shocking that Tesla would just blatantly violate federal labor law by laying off so many workers without providing the required notice," said Shannon Liss-Riordan, an attorney representing the workers.

Musk played down the lawsuit.

"Let's not read too much into a pre-emptive lawsuit that has no standing," he said at the Qatar Economic Forum.

"It seems like anything related to Tesla gets a lot of clicks, whether it is trivial or significant. I would put that lawsuit you're referring to in the trivial category."

Last week, Thursday, a lawsuit was filed against Musk and his companies for alleged fraud, as well as violating federal and state racketeering and gambling laws, and seeks class-action status on behalf of dogecoin investors. That same day, a lawsuit was filed against Musk for “toxic workplace culture.”

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28-06-2022 17:12:35 (UTC+7)

EUR/USD

1.0587

+0.0004 (+0.04%)

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EUR/USD

1.0587

+0.0004 (+0.04%)

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GBP/USD

1.2263

-0.0001 (-0.00%)

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USD/JPY

135.96

+0.54 (+0.40%)

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AUD/USD

0.6945

+0.0022 (+0.33%)

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Neutral

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USD/CAD

1.2837

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EUR/JPY

143.96

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1.0100

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Gold Futures

1,826.50

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Silver Futures

21.312

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3.8303

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222.75

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Euro Stoxx 50

3,563.55

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S&P 500

3,900.11

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DAX

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FTSE 100

7,341.28

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22,418.97

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US Small Cap 2000

1,772.68

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IBEX 35

8,342.90

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BASF SE NA O.N.

43.395

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Bayer AG NA

60.03

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183.86

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Adidas AG

170.50

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Deutsche Lufthansa AG

6.075

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104.60

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8.960

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 EUR/USD1.0587↑ Sell
 GBP/USD1.2263Neutral
 USD/JPY135.96↑ Buy
 AUD/USD0.6945Neutral
 USD/CAD1.2837Buy
 EUR/JPY143.96↑ Buy
 EUR/CHF1.0100↑ Sell
 Gold1,826.50Buy
 Silver21.312↑ Sell
 Copper3.8303↑ Sell
 Crude Oil WTI111.33Buy
 Brent Oil112.87Neutral
 Natural Gas6.527Sell
 US Coffee C222.75↑ Sell
 Euro Stoxx 503,563.55Buy
 S&P 5003,900.11↑ Buy
 DAX13,260.94↑ Sell
 FTSE 1007,341.28↑ Buy
 Hang Seng22,418.97↑ Buy
 Small Cap 20001,772.68↑ Buy
 IBEX 358,342.90↑ Sell
 BASF43.395↑ Sell
 Bayer60.03↑ Sell
 Allianz183.86↑ Sell
 Adidas170.50↑ Sell
 Lufthansa6.075↑ Sell
 Siemens AG104.60↑ Sell
 Deutsche Bank AG8.960↑ Sell
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# So hôm qua # Chênh TG
SJC Eximbank6,780/ 6,850
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SJC HCM6,805/ 6,875
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SJC Hanoi6,805/ 6,877
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GBP27.794,9128.980,57
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KRW15,6419,06
Cập nhật lúc 17:08:14 28/06/2022
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