B illionaire Elon Musk and his social media firm X have reached a tentative settlement with former employees who had sued for $500m (£373m) in severance pay. The parties reported the deal in a court filing on Wednesday, jointly requesting the US appeals court in San Francisco to postpone an upcoming hearing to allow time to settle the paperwork.

The settlement would cover about 6,000 workers who were laid off after Elon Musk bought the company for $44 billion and rebranded it as X.