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.

Billionaire 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.