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Elon Musk has asked X employees to submit a one-page summary of their achievements to qualify for stock grants.
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The stock grants will be awarded based on the anticipated impact of each employee’s contributions to the company.
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This move comes amid tensions at X, including a delayed promotions process, potential layoffs, and a pending annual equity refresher.
Elon Musk has requested that X employees provide a brief summary of their accomplishments to be eligible for stock grants. This move is intended to tie stock options to individual contributions and their expected impact on the company. The request comes at a time of uncertainty within X, with employees facing a delayed promotions process, potential layoffs, and a pending annual equity refresher.
Musk’s leadership has been marked by challenges, including the delayed distribution of the annual equity refresher, which was promised to be similar to the arrangement at SpaceX. Employees are now required to justify their stock grants, adding to the tension within the company. The move aims to link rewards to individual performance and contributions, but its impact on employee morale remains to be seen.
