Mobile advertising company InMobi is taking a different approach to avoiding layoffs due to the coronavirus outbreak.
The company has been looking at making changes to its compensation structure. From April 2020, employees received a part of their salaries in the form of stocks rather than cash, beginning at 10% of an employee’s salary. The company currently has some 1,400 members of staff.
Percentages are higher for senior and leader positions at InMobi.
It confirmed that there were no layoffs planned.
“We are confident that our measures and unwavering dedication to our employees, customers and partners will prepare us for long-term growth,” CEO and founder of InMobi Naveen Tewari wrote in a blog post.
The group, which has more than 20 offices globally including Europe, North America and the APAC region, said it was initially cushioned against the economic effects of the coronavirus.
However, the business is approaching a flatter growth curve.