The internal all-hands meeting led by X CEO Linda Yaccarino raised concerns among employees regarding the delay in the promotions process. Sources inside the company have confirmed that the promotions process was recently delayed without any explanation. This has left employees feeling uncertain about their career progression within the company.
X’s sales team does not expect to meet its revenue targets for the quarter. This is a cause for concern as meeting revenue targets is crucial for the financial health of the company. The failure to meet these targets may have implications for the company’s overall performance and future growth.
Given X Company’s continued struggle under Elon Musk’s ownership, employees have been bracing for more 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. This signifies a sense of impending doom among employees who fear for their jobs.
There have been reports of a handful of people being laid off in recent days, including the sudden departure of Yaccarino’s right-hand man, Joe Benarroch. The all-hands meeting last week left X’s remaining staff anxiously waiting for answers. The meeting began with a montage of viral tweets and an attempt to drum up excitement about live events on the platform. However, the focus quickly shifted to the company’s internal issues.
Yaccarino emphasized X’s focus on video and how it has been driving advertising on the platform. She mentioned the importance of discussing Musk’s x.AI chatbot Grok with advertisers. However, the lack of elaboration on these points may have left employees feeling confused about the company’s direction and priorities.
The head of HR, Walter Gilbert, announced plans to implement a broader and more robust promotion process at X. This process will include “doing lighter-weight check-ins throughout the year” to ensure employee development and growth. However, many of the submitted employee questions about HR, promotions, raises, and equity were left unanswered during the meeting, highlighting a lack of transparency and communication within the company.
X Company’s internal meeting revealed a mix of challenges and uncertainties facing the organization. Delays in the promotions process, failure to meet revenue targets, potential layoffs, and sudden departures have created a sense of unease among employees. The focus on video and advertising, coupled with changes in the promotion process, indicates a shift in the company’s priorities. However, the lack of clarity and communication from senior management may be contributing to a feeling of disarray within the company. As X continues to navigate these challenges, transparency, and open communication will be key in rebuilding employee trust and confidence in the organization’s future.
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