Tell Me Why You Deserve Your Stock Options

[Pelican Press 0]

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Tell Me Why You Deserve Your Stock Options

If you’re an X employee and want your stock options, you better be a good writer.

Elon Musk sent an email to X staff this week that says stock options will be granted “based on the anticipated impact of employees,”

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. Staff must submit a one-page write-up that details how they’ve contributed to the company.

The move is similar to

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before

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. There, he asked managers at the company to determine which employees were “crucial” to its success.

At X, the request for employee one-pagers comes after the company delayed its promotions process without explanation, The Verge says, which suggests layoffs could be on the horizon.

X hasn’t exactly been thriving under Musk’s ownership. In October 2023, the company was

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, about a year after Musk paid $44 billion for the platform.

User growth has also stalled. In July, the Financial Times reported that X only saw

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in the previous year to 251 million daily active users. Rival Threads recently

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; when it was at 175 million earlier in the summer, Sensor Tower estimated its daily active users at 38 million,

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.

Plus, X has been sparring with advertisers. After

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to “go ***** yourself” in late 2023, the company

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earlier this month for encouraging members to avoid doing business with X.

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#Deserve #Stock #Options

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