this post was submitted on 27 Oct 2023
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Technology

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Elon Musk gives X employees one year to replace your bank - ‘You won’t need a bank account... it would blow my mind if we don’t have that rolled out by the end of next year.’ (www.theverge.com)
submitted 1 year ago by AnActOfCreation@programming.dev to c/technology@lemmy.world
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“If it involves money. It’ll be on our platform. Money or securities or whatever. So, it’s not just like send $20 to my friend. I’m talking about, like, you won’t need a bank account.”

Well that sounds terrifying!

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[–] Viper_NZ 16 points 1 year ago (2 children)

I assume anyone who can get work elsewhere has, and they’re left with dead wood.

[–] Staccato@lemmy.world 27 points 1 year ago (2 children)

Nah, the remaining employees aren't the "dead wood" necessarily. They're all the ones on H1 visas who can't legally work in the US anywhere else (without taking a massive risk).

[–] EnderMB@lemmy.world 10 points 1 year ago

Probably likely to be a lot of L1's there. At least H1B can move if sponsored, whereas for L1 you're basically fucked.

[–] Viper_NZ 2 points 1 year ago

Well that’s gross. And probably quite right too.