X is wrapping up the Revenue Sharing program for its employees. The company, which was once known for its ambitious venture capitalist-backed funding model, has decided to discontinue the program that allowed employees to earn a percentage of their employer's profits.
The decision comes after X completed its initial public offering and shifted its focus towards more traditional business models. Under the Revenue Sharing program, employees earned a small percentage of the company's revenue, with the goal of incentivizing them to drive growth and profitability. While the program was popular among early employees, it has been criticized for being too compensation-intensive.
The move marks a significant shift in X's approach to employee benefits, as the company will now focus on more traditional incentives such as stock options and bonuses. X is likely trying to adapt to changing industry trends and reduce its reliance on unconventional revenue streams.