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Twitter tells employees bonuses could halve on performance: NYT

admin2022-10-026

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Challenges for Twitter include advertisers’ uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his US$44 billion (RM183.7bil) purchase of the social media company. — Icon pack photo created by natanaelginting - www.freepik.com

Twitter Inc told employees they may get about half of their annual bonuses because of the company’s financial performance, The New York Times reported.

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Challenges for Twitter include advertisers’ uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his US$44bil (RM197.34bil) purchase of the social media company, the paper said. It cited two unidentified employees who received an email from chief financial officer Ned Segal on Friday on the bonus warning.

While the figure may change throughout the year depending on earnings, the bonus pool is currently at 50% of what the potential would be should it meet financial targets, it said. A Twitter spokesman confirmed to NYT the email details and declined to comment further. – Bloomberg


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