 "Twitter tells employees bonuses could halve, based on performance: Report")
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.
Challenges for Twitter include advertisers’ uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase of the social media company, the paper said. It cited two unidentified employees who received an email from Chief Financial Office 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 per cent 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.
Challenges for Twitter include advertisers’ uncertainty related to the Ukraine war and a legal dispute with Elon Musk over his plan to abandon his $44 billion purchase of the social media company, the paper said. It cited two unidentified employees who received an email from Chief Financial Office 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 per cent 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.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%