Musk’s new rule for X sparks concerns over promotion delays
Elon Musk's strange new rule for X employees raises concerns amid promotion delays
Elon Musk has introduced a new rule at X (formerly Twitter) requiring employees to justify their eligibility for stock options. In a recent email, Musk announced that staff must submit a one-page summary detailing their contributions to qualify for these options. This change follows an internal meeting where Musk mentioned delays in promotions and a new evaluation process involving lighter check-ins.
Previously, Musk had pushed for intense work and high performance from his team, demanding long hours and outstanding results. This new rule is seen as a shift from Musk's earlier promises of stock options for everyone, leading to concerns among employees who are already dealing with a challenging work environment.
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Leadership challenges and departures
Musk’s leadership has faced scrutiny, with several high-profile departures from his companies. Since acquiring Twitter, now X, in October 2022, Musk has reduced the workforce significantly, leading to legal issues over severance pay for former employees. Former Tesla VP Sreela Venkataratnam also shared how difficult it was to work under Musk, highlighting the tough work conditions. The recent changes and challenges at X reflect ongoing tensions and instability within Musk's companies.