Twitter employees to soon receive performance-based stock awards: Musk

After another round of layoffs over the weekend, Twitter CEO Elon Musk informed the remaining employees that they will receive acevery significant” performance-based stock awards on March 24.

“This past week, we completed a difficult organisational overhaul focused on improving future execution, using as much feedback as we could gather from the entire company,” Musk wrote in an internal memo on Monday obtained by The Verge.

“Those who remain are highly regarded by those around them,” he added.

The memo, titled “Performance Awards”, was Musk’s first message to Twitter staff since he fired hundreds more employees over the weekend, including some senior loyalists and almost the whole product team.