Connect with us

Hi, what are you looking for?

Your Profit SpringYour Profit Spring

Tech News

X all-hands leaves staff with few answers on delayed promotions

Linda Yaccarino. | Photo by Jerod Harris/Getty Images for Vox Media

During an internal all-hands meeting led by X CEO Linda Yaccarino on Wednesday, concerned employees tuned in to hear if she would address the pressing issue on their minds: performance reviews.

Sources inside the company confirm that a promotions process was recently delayed without explanation and that X’s sales team doesn’t expect to meet its revenue targets for the quarter. Given how the company formerly called Twitter has continued to struggle under Elon Musk’s ownership, employees have been bracing for more layoffs.

One of Musk’s key lieutenants, The Boring Company CEO Steve Davis, has been reviewing finances at X’s headquarters in San Francisco over the past several weeks, according to multiple employees who requested anonymity to…

Continue reading…

You May Also Like

Business

Chinese bargain retailer Temu changed its business model in the U.S. as the Trump administration’s new rules on low-value shipments took effect Friday. In recent days,...

Tech News

The latest Netflix app update will require Apple devices to run iOS 17 or later. | Illustration by Alex Castro / The Verge The...

Tech News

The new adaptive charging feature could help to save power and preserve the life of controller batteries. | Photo by Amelia Holowaty Krales /...

Business

U.S. pharmacy chain Rite Aid on Monday filed for bankruptcy protection for the second time in as many years, according to a court filing....