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Twitter Doles out Stock, Cash Bonuses up to $200,000 to Retain Talent - ASHARQ AL-AWSAT English Archive
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The Twitter logo is shown at its corporate headquarters  in San Francisco, California April 28, 2015. REUTERS/Robert Galbraith

The Twitter logo is shown at its corporate headquarters in San Francisco, California April 28, 2015. REUTERS/Robert Galbraith

Twitter Inc has decided to win their employees over by granting varying amounts of restricted stock depending on when the employees started working, in order to make up for the value they lost since joining the company, the Wall Street Journal reported, citing people familiar with the matter.

In a pressing move intended to reign in talent flight for another six months to a year, the company is offering compensation packages in addition to cash bonuses to some employees ranging from $50,000 to $200,000, the Journal reported on Wednesday.

“Competitive compensation, strong leadership, and a confidence in the direction of the company are all key elements to having top talent,” a Twitter spokeswoman said in an e-mail.

“We are investing in all three areas to ensure we maintain these employees.” she said, without giving further details.

Twitter has been struggling to keep talent at the company as stagnant growth and a dipping stock price have stirred concerns about the company’s future.

Four top executives left the company in January, the biggest leadership changes since co-founder 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.”

Asharq Al-Awsat English

Asharq Al-Awsat English

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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