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Elon Musk Strikes Again: Layoffs at X Shock Staff!

Amidst this chaos, Musk has also teased employees with stock options that come with their own set of strings attached.

By:  Tupaki Desk   |   2 Nov 2024 9:46 AM GMT
Elon Musk Strikes Again: Layoffs at X Shock Staff!
X

In a shocking twist that could only be scripted in the wild world of tech, Elon Musk has reportedly laid off more employees from his social media platform X, formerly known as Twitter. Just as the tech mogul juggles his role as a political promoter for Donald Trump ahead of the high-stakes U.S. presidential election on November 5, fresh reports indicate that another wave of layoffs is sweeping through the engineering department. Sources reveal that the exact scale of these cuts remains shrouded in mystery, leaving employees in a state of suspense reminiscent of a cliffhanger in a gripping thriller.

This latest round of layoffs comes hot on the heels of an unusual request made to staff members just two months prior, where they were tasked with submitting one-page summaries detailing their contributions to the company. It seems that at X, job security now hinges on one’s ability to impress leadership with a succinct self-assessment. As employees brace themselves for yet more uncertainty, the atmosphere is thick with tension—much like waiting for the next plot twist in a reality show that never quite delivers on its promises.

Amidst this chaos, Musk has also teased employees with stock options that come with their own set of strings attached. The catch? They must justify their worth to receive these grants. It’s almost as if Musk is running a game show where the prize is your own job security—or at least a chance to hold onto your shares in a company whose value has plummeted since his acquisition.

As the dust settles and the layoffs continue, one can’t help but wonder: if X keeps losing employees at this rate, will Musk eventually have to hire himself back? Perhaps he’ll need to submit his own one-page summary detailing his contributions to keep his position secure! After all, in a world where tech billionaires are laying off staff left and right, it might just be time for Musk to start taking notes from his own employees—because let’s face it, even he might need a backup plan!