Newly reminted Twitter chief executive Jack Dorsey is giving a third of his Twitter stock back to employees.

Dorsey announced the decision on Twitter, obviously:

His move effectively returns nearly $200 million worth of equity to the pool of stock that can be used to give grants to existing employees. That could give a morale boost to a company that just cut more than 300 employees after Dorsey's return this month. It may also provide larger grants to new employees, which could help the company recruit talent.

The stock return won't help the roughly eight percent of Twitter's workforce who were laid off, primarily from the engineering team. Those cuts were largely seen as a move to appease investors who have argued that the company's employee ranks had swelled more than its relatively flat user growth merited.

This isn't the first time Dorsey has done something like this: In 2013, he returned 10 percent of his shares in mobile payments company Square, where he is also chief executive.