Sources: Twitter has told employees that they will receive just 57% of their 2020 bonus target after the company missed internal revenue and profit goals (Alex Heath/The Information)

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Twitter has told its employees that they will receive a sliver of their corporate bonus target for 2020—just 7%—after the company missed its internal revenue and profit goals amid the pandemic, according to two people with direct knowledge of the decision.

The austerity measure underscores how Twitter’s financial performance lagged its larger tech peers even as its market valuation doubled in the past year. Google-parent Alphabet, whose revenue growth slowed less than Twitter’s, paid out 100% of its bonuses tied to corporate performance, according to a person with knowledge of the matter.

This content was originally published HERE

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