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Twitter Earnings Twitter Jack Dorsey

Twitter is reportedly handing out bonuses and stock to keep staff from straying


By Rebecca Stewart, Trends Editor

March 10, 2016 | 2 min read

Twitter is reportedly attempting to stem a talent drain by offering staff cash bonuses and additional restricted stock payouts to prevent them from jumping ship.

The bid to retain staff follows a year-on-year slump of 60 per cent in Twitter's share value and failed attempts to galvanise user growth.

According to a report in the Wall Street Journal, the social network has been offering staff incentives ranging from $50,000 to $200,000 to remain working at the firm for another six months to a year.

In addition, restricted stock packages have been offered to employees across departments; from high-level executives to junior staff.

Four top executives exited the business in January, marking the biggest leadership shakedown at Twitter since founder Jack Dorsey reprised his role as chief executive last year.

The reported bonuses also come hot on the heels of the publication of Twitter's most recent earnings report, which revealed that its number of users had flatlined in Q4 of 2015 remaining largely unchanged from the last quarter at 320 million, and that the social giant had generated a revenue $710m and a net loss of $90m.

A Twitter spokesperson told Reuters: "Competitive compensation, strong leadership and a confidence in the direction of the company are all key elements to having top talent."

"We are investing in all three areas to ensure we maintain these employees," they added.

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