Twitter Doles Out Money, Inventory Amid Fears Extra Employees Will Flee
Twitter is sweetening its worker compensation packages to encourage employees to stick with the corporate, the Wall Road Journal reported.
The corporate granted various quantities of restricted inventory relying on when the workers began working, aspiring to make up for the worth they misplaced since becoming a member of the corporate, WSJ reported, citing individuals conversant in the matter.
The corporate has additionally been providing money bonuses to some staff starting from $50,000 to $200,000 as an incentive to maintain them round for an additional six months to a yr, the Journal reported on Wednesday.
"Aggressive compensation, robust management, and a confidence within the path of the corporate are all key parts to having prime expertise," a Twitter spokeswoman stated in an e-mail.
"We’re investing in all three areas to make sure we keep these staff." she stated, with out giving additional particulars.
Twitter has been struggling to maintain expertise on the firm as stagnant progress and a falling inventory worth have raised questions concerning the firm’s future.
4 prime executives left the corporate in January, the most important management modifications since co-founder Jack Dorsey returned as chief government final yr.
Dorsey stated in October he’s giving a 3rd of his inventory within the firm, or about 1 %, to the worker fairness pool.
Later that month, Dorsey spoke about "hiring and investing in expertise" and the necessity for "daring rethinking."