ๅธๅ็โ็ปๅฎๆธธๆโ๏ผๅญ่่ทณๅจๅผๅฏๅคง่ๅดๆๆๆข่ดญ โ 36Kr
What happened: Bytedance recently announced a new share option plan for its employees, media outlet 36Kr reported, citing several Bytedance employees. The plan gives employees the option to purchase Bytedance shares at $44 per share with their year-end bonuses for 2018. Employees that fall within the top five out of the eight possible ratings in Bytedanceโs employee appraisal system are eligible for the plan. According to 36Krโs estimates, this accounts for about 60% of the companyโs workforce.
Why itโs important: By substituting a portion of employee bonuses with shares, Bytedance is preserving cash flow for other purposes. Having lost $1.2 billion in 2018 according to media reports, Bytedance has been pouring money into its products, many of which have not yet turned a profit. However, it seems that Bytedance wonโt be giving too much ownership to employees, since the shares are capped by the amount of the bonus, and Bytedance often buys back shares from employees who leave the company.
