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　　The year-end bonuses of employees of the US social giant Twitter may be "halved".

　　On August 19, local time, the New York Times reported that Twitter warned employees that their year-end bonuses may be halved due to the uncertainty brought about by the economic downturn.

　　Twitter employees' year-end bonuses are half based on company performance and half linked to individual performance. Judging by Twitter's most recent quarterly performance, the company's results were disappointing.

　　Twitter’s second-quarter financial report released in July showed that revenue during the period was US$1.17 billion, which was lower than market expectations, a year-on-year decrease of 1%, the first year-on-year decline since the second quarter of 2020; a net loss of US$270 million and a loss of US$35 per share. point.

　　Twitter said in its earnings report that due to the impact of the macroeconomic environment, headwinds in the advertising industry, and the great uncertainty brought about by Musk’s acquisition, the results in the second quarter were unsatisfactory.

　　Two Twitter employees said they received an email from the company's chief financial officer, Ned Segal, saying that the current budget for the bonus pool is half what it had expected in January due to the company's poor performance.

　　That said, even if Twitter hits its financial goals, employees may only get a 50% bonus.

　　A Twitter spokesman confirmed the information in the email, The New York Times said, but declined to comment further.

　　Over the past few months, Twitter has made a series of adjustments in response to the deteriorating economic environment.

　　In May, Twitter announced that it was suspending most hiring, with only business-critical positions able to continue hiring. The company also cut spending on contractors, marketing and real estate.

　　That same month, Twitter underwent major personnel changes. Former VP of product management Ilya Brown, former VP of services Katrina Lane and former head of data science Max Schmeiser have all left. Before that, former consumer chief Kayvon Beykpour and former revenue product chief Bruce Falck also left the company.

　　In July, Twitter laid off a third of its talent acquisition team. According to the Wall Street Journal, Twitter said the move was in response to growing business pressure and uncertainty surrounding Musk's acquisition.

　　The advertising-backed social media company is one of the tech companies hardest hit by the recession, and Twitter's rival social media company Snap isn't doing too well. Snap's second-quarter results fell short of market expectations, ushering in the weakest quarterly sales growth since going public, and the company said it would significantly slow the pace of hiring.

　　In addition, the Wall Street Journal reported on August 18 that Snap had decided to cancel the development of the selfie drone Pixy, which has been out for less than four months. Its CEO, Evan Spiegel, told employees that development of the project needed to be paused as the company redeployed resources and adjusted product plans to weather the downturn.

　　According to the "New York Times" previously reported, most of Twitter's more than 7,500 employees expressed concern about Musk's acquisition plan, while some were looking forward to working for the boss who was very active on social media, and they even expressed concern about Musk's acquisition plan. Disappointed that Musk wants to abandon the acquisition of Twitter. In response, Twitter CEO Parag Agrawal said employees should focus on work and pay less attention to acquisition-related information.

　　At present, Twitter and Musk are fighting over the acquisition case, which is expected to be heard in Delaware Chancery Court on October 17, local time, for a period of five days.

　　As of the close of U.S. stocks on August 19, Twitter rose 0.27% to $43.99 per share, far lower than Musk’s proposed purchase price of $54.20 per share.