Jack Dorsey is working arduously as Twitter’s CEO to lodge the company on the growing track. Merely a week after laying off more than 330 employees (mainly from Engineering Department), Dorsey just have planned something big for the company’s functionaries.
In simple words, The Twitter Co-founder and CEO decides to give one-third of his stock that values roughly $200 Million, to company’s workforce. Altogether, Dorsey has 22 Million shares of stock, according to an SEC filing.
“As for me,” Dorsey Tweeted, “I’d rather have a smaller part of something big than a bigger part of something small. I’m confident we can make Twitter big!”
🐥⚡️ I’m giving ~1/3rd of my Twitter stock (exactly 1% of the company) to our employee equity pool to reinvest directly in our people.
— Jack (@jack) October 23, 2015
As for me: I’d rather have a smaller part of something big than a bigger part of something small. I’m confident we can make Twitter big! ✌️ — Jack (@jack) October 23, 2015
This is also the second week in a sequence Jack has given away Million value shares. Last week, when Square Inc (Founded by Jack Dorsey) filed documents pointing it schemes to go public, he said that he would donate 40 million shares to arms-deed.