Twitter Doles Out Stock, Cash Bonus to Retain Talent: Report

Advertisement
By Reuters | Updated: 10 March 2016 11:09 IST
Twitter Inc has been offering additional restricted stock and cash bonus to employees to prevent staff departure, the Wall Street Journal reported.

Twitter 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.

Since the fall, the company has also been offering cash bonuses to some employees ranging from $50,000 to $200,000 (roughly Rs. 33 lakhs to Rs. 1.3 crores) as an incentive to keep them around for another six months to a year, the Journal reported on Wednesday.

Advertisement

Twitter has been struggling to keep talent at the company as stagnant growth and falling stock have raised questions over the company's future.

Four top executives left the company in January, the biggest leadership changes since Jack Dorsey returned as chief executive last year.

After returning to the company he founded, Dorsey said in October he is giving a third of his stock in the company, about 1 percent, to the employee equity pool.

Advertisement

Later that month, Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking."

Twitter could not be reached for comment outside regular US business hours.

Advertisement

© Thomson Reuters 2016

 

Get your daily dose of tech news, reviews, and insights, in under 80 characters on Gadgets 360 Turbo. Connect with fellow tech lovers on our Forum. Follow us on X, Facebook, WhatsApp, Threads and Google News for instant updates. Catch all the action on our YouTube channel.

Further reading: Social, Twitter
Advertisement

Related Stories

Popular Mobile Brands
  1. Apple Says It Will Tighten Network Security Settings With iOS 27, macOS 27
  2. Why the Samsung Galaxy A57 5G and A37 5G's 5000mAh Battery Outlasts Phones With 6000mAh
  1. NASA’s Curiosity Rover Finds Crater Filled With Sand, Alters Drilling Plans
  2. Control Ultimate Edition Arrives on iPhone and iPad With Touch Controls, Universal Purchase
  3. Asus ExpertBook Ultra With Intel Core Ultra X7 Series 3 CPU Launched in India Alongside ExpertBook P3, ExpertBook P5 Series
  4. Boat Aavante Prime X Soundbar Launched in India With Dolby Atmos, Wireless Satellite Speakers: Price, Features
  5. Qualcomm CEO Reportedly Visits Samsung Foundry in Korea to Discuss Producing 2nm Chips
  6. Coinbase Announces USDC-INR Trading Services for Users in India
  7. Redmi K Pad 2 Launched With 8.8-Inch 3K Display, Dimensity 9500 Chip: Price, Specifications
  8. Suyodhana OTT Release Date: When and Where to Watch This Telugu Mystry Thriller Online?
  9. OnePlus Watch 4 Launch Appears Imminent as Listing Confirms Snapdragon W5 Chip, OxygenOS Watch 8
  10. Sennheiser CX 80U, Sennheiser HD 400U With USB Type-C Connectivity Launched in India: Price, Features
Download Our Apps
Available in Hindi
© Copyright Red Pixels Ventures Limited 2026. All rights reserved.