Twitter Inc. has told employees that they could receive about half of their annual bonuses, depending on the company’s performance, The New York Times reported.
Challenges for Twitter include advertiser uncertainty related to the Ukraine war and a legal battle with Elon Musk over plans to abandon its $44 billion acquisition of the social media company, the paper said. It cited two unidentified employees who received an email about bonus warnings from Chief Financial Officer Ned Segal on Friday.
While this number may fluctuate throughout the year depending on earnings, the company said its bonus pool is currently at 50% of its potential for meeting its financial targets. A Twitter spokesperson confirmed his email details to the Times and declined to comment further.
