Austin, August 24: Elon Musk has reportedly told the X staff members to share their contribution to the company in order to receive stock grants. Tech billionaire asked the X employees to submit a one-page summary of their work citing reasons why they should deserve their stock options. The X stock grants have been awaited and reportedly have add tension between the company's leadership and employees. 

The Verge said in a report that the X (previously known as Twitter) had continued to struggle under the leadership of Elon Musk after taking over in 2022. Starting from the layoffs to getting asked to provide themselves, the X employees are tested by the new X leadership. The report highlighted the condition of the employees under Elon Musk saying they "have been bracing for more layoffs". Elon Musk on Obesity: Tech Billionaire Says ‘New Appetite Inhibiting Drugs’ May Lower Rising Obesity Levels in US.

Besides, it mentioned that the X staff still were waiting for their annual equity refresher which was set to be announced in April 2024. Elon Musk had reportedly told the X employees that they could cash out the stock regularly just like SpaceX employees; however, the affected said that he did not follow his promise. 

The employees working with the Elon Musk-owned X received a stock refresh in October 2023. Twitter was bought by the Tesla and SpaceX CEO for USD 44 billion and its value drastically dropped, according to recent reports, affecting the banks due to its lower USD 19 billion valuation in the market. Elon Musk’s X Testing New Feature ‘Group Video Calls’, Likely To Be Rolled Out Soon on Platform.

Now the employees of the company are going through a different trouble as they are compelled to provide justification about their individual contribution to X based on which the awards will be distributed. The one-page summary provided by the employees will determine the stock rewards they deserve to get.

(The above story first appeared on LatestLY on Aug 24, 2024 01:24 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).