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Elon Musk sent an email to X staff overnight about their much anticipated stock grants — but there’s a catch.
In an email to staff viewed by IMR, the company is planning to award stock options based on the anticipated future impact of employees. That means staff have to submit a one-page summary telling leadership their contributions to the company.
These anticipated stock grants add to the tensions between X leadership and staff after the promotions process was recently delayed without explanation, we previously reported. Given how the company formerly called Twitter has continued to struggle under Elon Musk’s ownership, employees have been bracing for more layoffs.
What’s more, a source at X told IMR that the company still owes staff their annual equity refresher, which was supposed to be doled out in April.
