Twitter offers stock and cash bonuses to keep staff
by Ismail Shakil,
2016-03-11 11:21:54.0
BENGALURU — Twitter is sweetening its employee compensation packages to encourage staff to stay with the company, the Wall Street Journal reported.
The company granted varying amounts of restricted stock depending on when the employees started working, intending to make up for the value they lost since joining the company, WSJ reported, citing people familiar with the matter.
The company has also been offering cash bonuses to some employees ranging from $50,000-$200,000 as an incentive to keep them around for another six months to a year, the Journal reported on Wednesday.
"Competitive compensation, strong leadership, and a confidence in the direction of the company are all key elements to having top talent," a Twitter spokeswoman said.
"We are investing in all three areas to ensure we maintain these employees." she said, without giving further details.
Twitter has been struggling to keep employees at the company as stagnant growth and a falling stock price have raised questions about the company’s future.
Four top executives left the company in January, the biggest leadership changes since co-founder Jack Dorsey returned as CE last year.
Mr Dorsey said in October he was giving one-third of his stock in the company, or about 1%, to the employee equity pool.
Later that month, Mr Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking".
Reuters
The Twitter logo is displayed on the floor of the New York Stock Exchange in November 2013, a day before the company’s initial public offering. Picture: REUTERS
BENGALURU — Twitter is sweetening its employee compensation packages to encourage staff to stay with the company, the Wall Street Journal reported.
The company granted varying amounts of restricted stock depending on when the employees started working, intending to make up for the value they lost since joining the company, WSJ reported, citing people familiar with the matter.
The company has also been offering cash bonuses to some employees ranging from $50,000-$200,000 as an incentive to keep them around for another six months to a year, the Journal reported on Wednesday.
"Competitive compensation, strong leadership, and a confidence in the direction of the company are all key elements to having top talent," a Twitter spokeswoman said.
"We are investing in all three areas to ensure we maintain these employees." she said, without giving further details.
Twitter has been struggling to keep employees at the company as stagnant growth and a falling stock price have raised questions about the company’s future.
Four top executives left the company in January, the biggest leadership changes since co-founder Jack Dorsey returned as CE last year.
Mr Dorsey said in October he was giving one-third of his stock in the company, or about 1%, to the employee equity pool.
Later that month, Mr Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking".
Reuters
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