Jack Dorsey just gave a third of his Twitter stock to employees
- 9 years ago
Barely a week after laying off more than 300 employees, Twitter CEO Jack Dorsey just gave a big gift to the company's workforce.
The Twitter founder plans to give one third of his stock -what amounts to 1% of the company - back to his employees, Dorsey announced Thursday.
Saying he would "rather have a smaller part of something big than a bigger part of something small," Dorsey noted the move is meant to help Twitter continue to grow.
Though Dorsey said he hopes reinventing in employees will help "make Twitter big," the move will likely also boost morale among employees still reeling from the recent layoffs.
The Twitter founder plans to give one third of his stock -what amounts to 1% of the company - back to his employees, Dorsey announced Thursday.
Saying he would "rather have a smaller part of something big than a bigger part of something small," Dorsey noted the move is meant to help Twitter continue to grow.
Though Dorsey said he hopes reinventing in employees will help "make Twitter big," the move will likely also boost morale among employees still reeling from the recent layoffs.