Thursday 10 March 2016

Twitter is reportedly offering cash to its employees to stop them from quitting


Twitter is offering its employee cash bonus of $50,000 to $200,000 so that the employee can stay with them for over year. The company is also offering additional restricted stock to employees companywide.

Micro-blogging website Twitter is reportedly offering its employees cash bonuses of $50,000 to $200,000 so that they stay with the company for at least a year, media reported. The social media firm has also been offering additional restricted stock to employees company wide, extending from the upper ranks to junior level employees. The move is seen as an effort to stop brain drain at a time when the firm’s stock has lost two-thirds of its value since its 52-week high of $53.49 in April 2015, Wall Street Journal (WSJ) reported.