Twitter dishes out stock, cash bonus to rein in talent flight
TWITTER has been offering additional restricted stock and cash bonus to employees to prevent staff departure, the Wall Street Journal (WSJ) 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 US$50,000 to US$200,000 (S$69,000 to S$276,300) as an incentive to keep them around for another six months to a year, WSJ reported on Wednesday.
Twitter has been struggling to keep talent as stagnant growth and falling stock price have raised questions over the company's future.
Four top executives left in January, the biggest leadership changes since Jack Dorsey returned as chief executive last year.
After returning to the company he founded, he said in October he was giving a third of his stock in the company, about 1 per cent, to the employee equity pool.
Later that month, Mr Dorsey spoke about "hiring and investing in talent" and the need for "bold rethinking".