There are reports that Elon Musk has stated that stock options will be granted to staff members of the social media firm X (formerly known as Twitter) in accordance with their contributions. Musk, in an email sent to X employees, stated that in order for X employees to receive their stock, they must submit a one-page narrative outlining their contributions to the company’s leadership.
These summaries will determine the stock awards that the firm will provide to its employees. Following recently reported delays in promotions and worries about layoffs, this decision has created tension among the workforce.
The yearly equity refresher that was initially promised in April is still pending for X workers. Musk had already promised frequent equity cash-out options to staff members, like to SpaceX, but he has still not fulfilled this commitment.
X was valued at $19 billion in the most recent stock refresh, a substantial discount to the $44 billion purchase price. During this refresh, RSUs were given to employees at a share price of $45.
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