Jack Dorsey gives staff a third of his Twitter shares following on the heels of hundreds of lay-offs
Jack Dorsey has told Twitter employees that he will give them a third of his shares in the company in move widely seen as intended to boost morale in the business following hundreds of staff lay-offs earlier this month.
The Twitter chief executive will give away stock worth around $197m (£128m) to employees, which would mean the 3700 staff would own 1 per cent of the company.
Dorsey said in a tweet that the move was part of his plan to “reinvest directly in our people”.
Jack Dorsey tweet
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The 38 year-old co-founder’s shares will go into Read full story ›
Source: The Drum
