March 11, 2016
Bonuses, Stocks Offered as Talent Drain Continues
Twitter employees are being reminded how valuable they are as the company hands out bonuses, cash and stocks.
The acts are being carried out as the social-media site hopes to prevent more employees from jumping ship and joining other companies. The move also coincides with dropping stock values, to the tune of 60 percent in the last 12 months.
At the same time, as reported by The Wall Street Journal, there are concerns among investors over stalled user growth and the talent drain that has seen employees leaving Twitter to pursue other companies. And the number of employees at Twitter has decreased as the company slashed eight percent of its entire workforce in the fall.
Twitter has made no official statements on its recent employee retainment efforts but Business Insider reports the company has provided some employees with bonuses ranging from $50,000 to $200,000.
However, those efforts don’t seem to be having the desired impact as, just in the past week, editorial director Karen Wickre, and Shariq Rizvi, who co-founded the direct-response ads team at Twitter, announced their departures.
W. Brice McVicar is a staff writer for SiteProNews.