Employees at X have been left in the dark as a promotions process was recently delayed without explanation. This, coupled with the sales team not expecting to meet revenue targets for the quarter, has left many concerned about the future of the company.
With X, formerly known as Twitter, continuing to struggle under Elon Musk’s ownership, employees have been bracing for possible layoffs. The Boring Company CEO Steve Davis, described as the “grim reaper who only shows up for bad things,” has been reviewing finances at X’s headquarters, raising further concerns among the staff. Reports indicate that a handful of employees have already been laid off in recent days, adding to the uncertainty and anxiety within the company.
An all-hands meeting led by X CEO Linda Yaccarino aimed to address these pressing issues, but many employees were left without concrete answers. The meeting began with a montage of viral tweets and attempts to drum up excitement about live events on the platform, but it failed to provide clarity on the promotions process and potential layoffs. Employees anxiously waited to find out more, only to be met with vague statements and no real solutions to their concerns.
Focus on Video and Advertising
Yaccarino emphasized X’s focus on video content and its impact on driving advertising, but without elaborating on the specifics. The company’s head of HR, Walter Gilbert, mentioned plans to implement a broader promotion process, including “lighter-weight check-ins throughout the year,” yet many employee questions regarding HR, promotions, and raises/equity went unanswered. The absence of Elon Musk at the meeting, despite being in San Francisco at the time, raised further questions about the leadership’s commitment to addressing employee concerns.
Uncertain Future
As X grapples with internal challenges and external pressures, employees are left with uncertainty about the future of the company. The lack of transparency surrounding performance reviews, promotions, and potential layoffs has created a sense of unease among the staff. With key executives like Joe Benarroch departing and the looming presence of Steve Davis, employees are facing a challenging and unsettling environment within the company.
The troubling situation at X underscores the need for clear communication, transparency, and proactive measures to address employee concerns. Without a solid plan in place to navigate these challenges, the future of X remains uncertain.
Leave a Reply