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. The shares, which are worth roughly $200 million, will go into the company’s employee equity pool, which means there will be more Twitter stock available to employees Read more…

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Jack Dorsey just gave a third of his Twitter stock to employees