Elon Musk has asked employees at X to write a one-page summary listing their achievements to convince the leadership that they are worthy of their much-anticipated stock grants, The Verge reported. In an email to his staff, Musk announced that the company is planning to award stock options based on the anticipated impact of the employees.
Moreover, the publication also pointed out that this incident had piled on to the already-tense atmosphere at X after the promotions process was delayed without explanation. Employees are also bracing for more layoffs as the social media platform struggles under Musk's leadership.
Recently, a former vice president of Tesla, who quit after working with the company for 11 years, gave an insight into how difficult it can be to function under Musk.
Announcing her departure in a LinkedIn post last week, Sreela Venkataratnam praised Tesla but, in comments, said working there was "not for the faint of heart." She was one of the only two women VPs in the company.
Venkataratnam described her tenure at the company as "nothing short of extraordinary" and said that she was proud of the company's growth to become the $700 billion mammoth it is today. But responding to a comment from Tesla's former CFO Jason Wheeler congratulating her for an "amazing run at a company that wasn’t always easy to work at," Venkataratnam said that working for Tesla is "definitely not for the faint of heart."
Venkataratnam is one of several Tesla senior employees to quit in recent months. Drew Baglino, Tesla's senior VP of powertrain and electrical engineering, who worked with the company for 18 years, quit shortly before the layoffs began in April. Another VP of public policy and business development Rohan Patel also left the company at the same time.
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