Connect with us

CELEBRITY

Elon Musk requires employees at X, formerly known as Twitter, to file one-page reports detailing their contributions to the company in order to access their stock grants. Read more

Published

on

X is planning to use the anticipated impact of employees as a basis for what stock options will be awarded to them, according to an email sent to employees and viewed by The Verge, meaning staff members will need to write the one-page report about their contributions so they can receive stock.

The requirement comes amid a delayed promotions process at X, The Verge reported, noting Musk has previously told employees that stock could be cashed out regularly—just as employees can at his astronautics company SpaceX.

Shortly after his $44 billion acquisition of Twitter, Musk said in an email to employees the company would be transitioning to an “extremely hardcore” operation, one requiring staffers to work “long hours at high intensity,” according to The Washington Post, which noted the email asked employees to sign a pledge or leave the company with three months severance pay.

Musk was also a large proponent of returning to in-office work during the second year of the COVID-19 pandemic, demanding Tesla and SpaceX employees to “spend a minimum of 40 hours in the office per week” or be terminated, The New York Times reported.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

CELEBRITY5 hours ago

Stranger Things’ Millie Bobby Brown faces serious heat from her fans all over the world after discovering that … See more

CELEBRITY6 hours ago

Fans of Lubavitcher Rebbe attack Candace Owens’ via Instagram in response to her criticism of him… See more

CELEBRITY21 hours ago

As Diddy faces charges of sex trafficking and engaging in prostitution a video of him and Travis Scott came to limelight as they were seen… See more

CELEBRITY21 hours ago

Just In : 50 Cent takes a shot at Sean ‘Diddy’ Combs after FBI raids expose bizarre lube stash.

CELEBRITY21 hours ago

Renowned ballet dancer Michaela Mabinty DePrince and her adoptive mother died within one day of each other, their family confirmed to… See more

NEWS21 hours ago

Arkansas Gov. Sarah Huckabee Sanders on Tuesday took aim at Vice President Kamala Harris’ family life, saying the presidential candidate “doesn’t… see more

CELEBRITY1 day ago

Here’s what’s in the Sean ‘Diddy’ Combs indictment… See more

NFL1 day ago

Just In : The internet is going crazy over the amazing gift Travis Kelce got Patrick Mahomes for his 29th Birthday.

NFL1 day ago

Travis Kelce ‘Revealed ‘ that his relationship with Taylor Swift didn’t just boost his career but skyrocketed his finances.

CELEBRITY2 days ago

Taylor Swift Loses Another 50 Million Followers on Instagram After Trump’s Latest Post: “I… See more

NEWS2 days ago

Candace Owens Calls Out ABC News Anchors: “David Muir and Linsey Davis Are a Disgrace to Their Profession”

CELEBRITY2 days ago

Cristiano Ronaldo: “Well, I never opened a door, but today I will do it🤣❤️ I never do this; I always do it.”

Copyright © 2024 USAmium