Twitter Employees drag Company to Court for refusing to Pay Bonuses Despite Promises

Employees of microblogging site Twitter have filed a legal case against the company. Employees claim that the company has refused to pay last year’s bonus despite promising to pay 50 per cent of the targeted amount. Twitter has a performance bonus plan that is paid annually.

Bloomberg’s Report According to the lawsuit filed in the Federal Court of San Francisco in the US, before Elon Musk’s takeover of the company in October last year, its executives, including its former Chief Financial Officer, Ned Segal, had said that bonuses would be paid. . Employees say, “Twitter has refused to pay employees associated with the company in the first quarter of the current year.” Twitter’s advertising revenue has dropped by more than half since Musk acquired the company. The reason for this is the lack of trust of brands on Twitter. More than 75 percent of the employees have also been removed from the company.

The lawsuit has been filed by Mark Shobinger, Twitter’s senior director of compensation, on behalf of the company’s current and former employees. Twitter has closed its media relations department and the company did not respond to a request for comment.

After acquiring Twitter, Musk introduced a new subscription plan called Twitter Blue. With this, users get some additional services. Recently Musk announced a special feature for Twitter Blue users. With this, users will get the facility to upload videos up to 8GB and 2 hours. This feature is limited to iOS and Twitter web only. However, Android users can upload videos of up to 10 minutes without any additional charges. Recently, Musk also became the user with the most followers on this platform. Musk has more than 133 million followers. He has left behind former US President Barack Obama. Musk is also the chief executive of Tesla, which manufactures electric vehicles.