Musk Makes Amply Clear He wants X Workers To Show They Deserve Their Stock
Tech magnate Elon Musk sent an internal email detailing the one-page contribution report that he wants from every X worker. Musk wants that this one-page report should be used to decide what stock options a particular X worker is awarded. This is yet another unorthodox employee policy of Musk that will require workers to themselves inform the company about their contributions via the said one-page contribution report, to access their stock grants. Understandably, Musk owned X is planning to decide what stock option a particular worker gets on the basis of anticipated impact of that particular worker. This new requirement has arrived amid a delayed promotions process at X, The Verge reported, noting Musk has earlier told employees that stock could be cashed out with regularity—just as employees can at SpaceX, his astronautics company.
Unorthodoxy is the hallmark of Musk and hence his employee policies have been unorthodox. Soon after his $44 billion buyout of Twitter, Musk said in an email to workers that the company would be transitioning to an “extremely hardcore” operation, one demanding from staffers to work “long hours at high intensity,” according to The Washington Post, which noted the email asked workers to sign a pledge or quit the company with three months severance pay. Musk was also a passionate proponent of returning to in-office work during the second year of the pandemic (COVID-19), demanding SpaceX and Tesla employees to “spend a minimum of 40 hours in the office per week” or be terminated, The New York Times reported.
NBC News reported, Tesla started watching employee attendance closely in 2022, with managers sending Elon weekly reports on absences, adding remote Tesla workers who lacked intent or ability to relocate to be in the office full-time had around three months to make the move or leave the EV maker. Musk clamped down on remote work at X soon after becoming the platform’s owner, requiring managers to meet in-person with workers at least once every month and threatening higher-ups with termination if they let an worker who was not “exceptional” to work remotely, according to NBC News.
Tesla employees worked long hours for the enterprise during its early days, resulting in staffers sleeping on floors after completing shifts of up to 12 hours long, The Verge reported, noting that Tesla’s Fremont, California based plant had three times as many safety violations as 10 other U.S. car plants combined. Musk is also not at all afraid of cutting down on employees and being very frank about layoffs. The billionaire tech magnate told the BBC he laid off more than 6,000 people at X (about 80% of the company’s staff) within his first few months as the company’s chief, noting the process can at times be “painful.” Musk also laid off hordes of Tesla employees earlier this year.
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