Twitter CEO Gives $200M In Stock to Employees

The move is in line with Dorsey’s earlier outlined strategy of “reinvesting directly in people”.

USA Today has reported Dorsey is really giving one-third of his Twitter stock to the firm’s employees.

While papa Dorsey guides Square, toward an IPO, he’s been busy laying off 8% of his Twitter’s workforce, cutting 336 jobs, 240 of them at Twitter’s San Francisco headquarters.

Dorsey has said that he would rather have a smaller part of something which is really big instead of a bigger part of something which is small.

In a statement, Twitter said that the shares would be earmarked for stock issued to employees next year under the company’s incentive plans.

His appointment raised concerns among investors about whether he could run both Twitter and mobile payments company Square, which he co-founded.

The past few weeks have been pretty eventful at Twitter.

Dorsey was Twitter’s original CEO, but was ousted because the company’s board didn’t think he was the right leader at that time. Layoffs are not a preferred measure but at this point Twitter needs to rein in escalating costs and make the company more cost efficient.

Will Twitter’s 3Q15 Earnings Results Beat Analyst Estimates?

Last night the Twitter boss declared he was to give away a third of his stock of the company and channel it back into the employee compensation pool.

To push its revenues further, the micro-blogging firm has come up with or is working on many new monetization initiatives, such as the eCommerce Buy Button, Twitter Audience Platform, Doubleclick, better targeting and search integration, video ads and Carousel ad units. By comparison, Facebook’s social networking service has 1.5 billion users, even though it is only two years older than Twitter.