Twitter Tells Employees They Might Get Only Half Their Annual Bonus

As the company grapples with economic uncertainty, it warned its employees that they might only receive half of their usual annual bonuses.

The company blamed its financial performance for the potential bonus cut in an email to employees. The company's revenue declined for the first time since 2020 and it swung to a net loss as a result.

Economic concerns over the war in Ukraine and Mr. Musk's acquisition bid have caused advertisers to be cautious.

According to two employees who received the email, Ned Segal said in the email that the bonus pool would probably be reduced if the company met its targets. The figure could go up or down depending on the company's earnings. The bonuses are tied to the company's performance.

The email was confirmed to be accurate by a spokesman for the social networking site.

The company has recently cut costs to deal with the slow economy. Its real estate footprint has been reduced.

There are more than 7,500 people employed by the social networking site. Others were eager to work for Mr. Musk but were disappointed when he said he wanted to abandon the deal. Employees have been told to focus on their work and not pay attention to the deal.