50% Drop in Annual Bonus for Twitter Employees: Twitter, Inc. is an American communications company based in San Francisco, California. The company operates the microblogging and social networking service Twitter. It previously operated the Vine short video app and Periscope livestreaming service.
50% Drop in Annual Bonus for Twitter Employees:
In an email sent to employees by Twitter CFO Ned Segal, the company has said that it will give its employees of 50 percent bonus as the financial crisis affects their annual bonuses. Earlier, Tesla CEO Elon Musk, who is the number one world’s richest people list, had announced that he would buy Twitter for $44 billion.
However, Elon Musk has backed away from implementing this idea. As a result, Twitter is currently engaged in a legal battle with Elon Musk. Earlier, Musk stalled the company’s acquisition after saying that Twitter could not share data about ‘spam bots’ and fake accounts, to be mentioned.