X, the social network formerly known as Twitter, is facing 2,200 arbitration cases that ex-employees filed after Elon Musk took over the company, slashed headcount, and made other sweeping changes there. The filing fees alone for that volume of cases could amount to $3.5 million.
The arbitration numbers were revealed in a new filing out Monday as part of a lawsuit in a Delaware district court. The case is Chris Woodfield v. Twitter, X Corp. and Elon Musk (No. 1:23-cv-780-CFC).
As CNBC has previously reported, many large corporations require workers to sign an arbitration agreement upon employment wherever it is legal to do so. This means to speak freely in court, where their speech can become part of a public record, workers would first need to get an exemption from a judge.
I don’t see what else one would call their own algorithms and media delivery systems.
Technology is a means to an end so I like to make the distinction of what the company actually does or make. Apple’s primary business is selling computer hardware (an actual technology product) so it’s a technology company. Microsoft sells software and cloud services (tech tools) so it’s a technology company. Netflix sells access to video, so it’s a media company. Are algorithms involved? Sure, but they’re child’s play compared to the algorithms used by high frequency traders, yet those people still unambiguously work for finance/banking companies. Every large retailer employs data scientists and teams of data analysts, but they’re still retailers rather than tech companies. Amazon is the trickiest to categorize. Amazon.com is a straight up retailer but AWS is clearly a tech “company.” Best to think of that one like a conglomerate.