Twit­ter doles out stock, cash bonus to re­tain tal­ent

The Pak Banker - - COMPANIES/BOSS -

SAN FRAN­CISCO: 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 as an in­cen­tive to keep them around for an­other six months to a year, the Jour­nal re­ported on Wed­nes­day. 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. 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 U.S. busi­ness hours.

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