Elon Musk Demands X Employees Justify Stock Options with Performance Memos
Staff face uncertainty over stock grants and office relocation as Musk's promises remain unfulfilled.
- Employees must submit a one-page summary of their contributions to qualify for stock options.
- The last stock refresh valued X at $19 billion, down from $44 billion when Musk acquired it.
- Staff are skeptical due to previous unfulfilled promises of stock grants and severance pay.
- CEO Linda Yaccarino announced the closure of X's San Francisco headquarters with no clear relocation details.
- An Irish court awarded a former X employee over $600,000 for unfair dismissal after Musk's takeover.