Twitter has told its employees they may get about half of their annual bonuses because of the company’s financial performance, the New York Times reported.
Challenges for Twitter include advertiser uncertainty related to the war in Ukraine and a legal dispute with Elon Musk over his plan to exit the $44 billion market for the social media company, the newspaper said. It cites two unidentified employees who received an email Friday from chief financial officer Ned Segal about the bonus warning.
Although the amount can change during the year depending on earnings, the bonus pool is currently at 50% of the potential amount it could be if financial targets are met, the report said. A Twitter spokesperson confirmed to the NYT the details of the email and declined to comment further.
Source: Capital
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