Monday, September 29, 2025
spot_img

Twitter employees may only receive 50% of their annual bonus

spot_img
- Advertisement -

The microblogging platform, Twitter has recently informed its employees that they would be receiving only half of their annual bonus.

As per report, the employees are receiving this due to economic uncertainty plaguing the company. The company shot off an email in which it blamed financial pressure for the move on the decision to trim employees‘ bonus payout’.

Like other leading companies, Twitter has recently cut costs to deal with the sluggish economy. It has also slowed hiring and reduced its real estate footprint.

Twitter is currently fighting a legal battle with Tesla chief Elon Musk who had shown intent to buy the company for $44 billion a few months back. Last month, the company has seen a decline in its revenue for the first time since 2020. The company reported second-quarter revenue of $1.18 billion, compared with $1.19 billion a year earlier.

In the email to employees, Twitter CFO Ned Segal said that the financial challenges would affect the annual bonus they receive, with the bonus currently at 50 percent of what it could be if the company met its financial targets.

Tesla boss Musk had offered to buy Twitter earlier this year but backed out claiming that the social media platform was unable to share data on ‘spam bots’ and fake accounts. The company sued him to force him to complete the acquisition.

However, Elon Musk accused the Company of concealing information and not disclosing the exact number of users that are fake or bots. This development came close on the heels of Twitter employees making their disapproval of Elon Musk’s intended takeover of Twitter clear.

Recently, Elon Musk challenged Twitter CEO Parag Agrawal to a public debate over the long-discussed spam bots issue.

“Let him prove…that Twitter has <5% fake or spam daily users,” Musk tweeted. He also started a poll asking users whether less than 5% of Twitter’s daily users are fake or spam.

The company dismissed Musk’s that he was hoodwinked into signing the deal to buy the social media company, saying that it was “implausible and contrary to fact”.

spot_img

Editorial

Why TCS Deferred FY25 Salary Hike: Better Hike Ahead?

TCS had initially announced its annual salary hike during...

Deloitte, PWC, EY, KPMG to Hire 1 Lakh People in India in FY25

According to estimates from top company officials and industry...

Higher EPS Pension Application Stuck: A Step-by-Step Guide to Fix

Nearly 97,640 Provident Fund (PF) members and pensioners under...

Employee Benefits at India’s Big 4 Firms Deloitte, PwC , EY, KPMG

The Big 4 firms; Deloitte, PwC (PricewaterhouseCoopers), EY (Ernst...

TCS Announces 4-8% Salary Hike for FY25, Lowest in Last 4 Years

Tata Consultancy Services (TCS), India's largest IT services provider,...

Must Read

TCS is hiring for various roles, including 40,000 freshers in FY2024

An Indian multinational information technology (IT) services and consulting...

L&T hiring for multiple roles, both freshers & experienced people can apply

Larsen & Toubro Limited (L&T), India’s biggest manufacturing, technology,...

Better Culture Better Outcome

The word organization Culture has got phenomenal significance when...

Electronics manufacturing to create 10 lakh jobs by 2025-2026

Union Minister of State for Skill Development & Entrepreneurship...

Senior executives, some pilots, and cabin crew left Jet Airways

In an Indian airline, Jet Airways, some of its...

JPMorgan Chase Elevates Shruti Tewari to Executive Director-HR

JPMorgan Chase has announced the elevation of Shruti Tewari...

Amazon Future Engineer Program to empower 10,000 students

A multinational technology company, Amazon India has announced the...

TCS WFH ends, employees to return to the deputed location by Monday

According to ET report, India’s largest IT services provider company,...

Related Articles

Sheenu Pradhan
Sheenu Pradhanhttps://sightsinplus.com/
Sheenu Pradhan, Editor Content, SightsIn Plus. She has over 8 years of experience in human resources. Prior to this, she has been associated with Wictor Chemicals India, Wipro, and Shakti Plas Industry.