Twitter awards cash and stock to keep talent

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Twitter has been awarding additional restricted stock and cash bonuses to staff to persuade them not to leave, according to the Wall Street Journal.

Twitter has granted varying amounts of restricted stock, based on when employees joined the social media firm, intending to make up for the value they lost since joining the firm, claims a report in the Wall Street Journal.

Since the fall in value, the firm has also offered cash bonuses from some employees from between $50,000 and $200,000 in order to keep them onboard for up to another year, the paper stated on Wednesday.

Twitter has been working hard to retain top talent at the company as growth flatlines and fall stock has raised concerns over the future of the company.

Four top executives left in January, the biggest changes in leadership since Jack Dorsey returned as Chief Executive in 2015.

After returning to the company that he founded, Dorsey said in October he would relinquish a third of his stock in the company, around 1 percent, to the employee equity pool.

Later that month, he also spoke about hiring and investing in talent and the need for bold rethinking. It looks like that plan is now coming to fruition, at least as far as the employees are concerned.

SOURCE: Reuters.

Larry Banks is a keen follower of technology and finance. He has worked for a variety of online publications, writing about a diverse range of topics including mobile networks, patents, and Internet video delivery technologies.

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