Twitter Employees Just Got Some Bad News About Their Yearly Bonuses – Opinion

The saga surrounding Big Tech social media company Twitter was still unfolding in July. They were in denial about the poor news they received in their most recent quarter. Earnings had fallen below the expected levels for the first ever time. One of the reasons, as I wrote, had to do with the fact that there’s an 800-pound gorilla in the room: the incomplete deal and ongoing lawsuit over Tesla and SpaceX CEO Elon Musk canceling his offer to buy Twitter.

Now, the company’s employees are feeling the pain, as the site’s advertisers start to pull back on ad buys, according to an update.

Fox Business reports that “[a]dvertisers seem to be taking a wait-and-see stand due to uncertainty about Musk’s acquisition and the impact on the company’s futures.”

Advertising generates most of Twitter’s revenue which has also been impacted by economic fears over the war in Ukraine.

What does this mean for employees? Twitter confirmed the email below from CFO Ned Segal is “accurate,” but didn’t comment on it.

According to The New York Times, employees were informed Friday that they may receive half their annual bonuses.

In the email to employees, Ned Segal, Twitter’s chief financial officer, said these challenges would probably affect the annual bonuses that they receive, with the bonus pool currently at 50 percent of what it could be if the company met its financial targets, according to two employees who received the message.

You have nothing to say? Imagine the world’s smallest violin playing just for the Twitters employees. It’s hard to have sympathy right about now; keep in mind, as our Managing Editor Jennifer Van Laar wrote in an op-ed just over a week ago, with the unprecendented raid on former president Donald Trump’s home in Florida–like it or not–you’re part of the resistance against the Democrat-media complex. We need your support!

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