Twitter warns employees that their bonuses could be halved this year
CNN
Twitter is warning employees that their bonuses might be half of what was originally expected at the start of the year, in the latest sign of belt tightening at the company amid uncertainty with its pending acquisition and a souring economy.
Twitter (TWTR) confirmed to CNN Business that its bonus pool is currently tracking at 50% of its prior target, based on the company's financial performance. Twitter cited significant challenges to its business since the approval of the bonus plan in January, including fallout from the economic downturn and its uncertain deal to be acquired by billionaire Elon Musk.
The New York Times was first to report the news, citing an email to staffers from Twitter CFO Ned Segal. Twitter confirmed to CNN Business that Segal sent the email.
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