<h1>Social media company reaches tentative settlement with former employees over $500M unpaid severance; hearing postponed pending terms</h1> A social media company has reached a tentative settlement with former employees who had sought $500 million in unpaid severance, filing to postpone a scheduled hearing while the parties finalize terms, which remain undisclosed. The appellate court granted the postponement. The proposed class action alleged the company failed to pay severance after a 2022 takeover that resulted in mass layoffs and elimination of several teams. Other lawsuits by former executives and related litigation alleging similar workforce-reduction practices tied to a later federal downsizing initiative remain pending.