COMP NEWS – Twitter employees are suing their employer over unpaid bonuses, according to a new lawsuit filed by Twitter’s former senior director of compensation.

Twitter employees sued the social media company claiming it refuses to pay 2022 bonuses, despite promises that they would be paid out at 50% of their target amounts.

 

Twitter has a cash performance bonus plan that is paid out annually and in the months leading up to Elon Musk’s acquisition of the company in October, executives, including former Chief Financial Officer Ned Segal, said the bonuses would be paid, according to the lawsuit filed Tuesday in San Francisco federal court.

 

“Twitter refused to pay employees who remained employed by the company in the first quarter of 2023 any bonus,” the employees said.

 

The proposed class-action complaint on behalf of current and former Twitter employees employed in the first quarter of 2023 who didn’t receive their bonus was filed by Mark Shobinger, who was Twitter’s senior director of compensation until late last month. The job entailed overseeing executive and incentive pay and in November expanded his responsibilities to include employee compensation globally, according to the suit.

Since Elon Musk took control of Twitter, the company has lost much of its revenue and has been sued numerous times for unpaid bills.

Since Musk took over, Twitter has lost more than half its advertising revenue as brands stopped trusting the site to remove violent, pornographic and hateful content. Twitter also shed more than 75% of its employees, through layoffs and resignations. The site has been roiled by technical difficulties, including during a recent launch of Florida Governor Ron DeSantis’ campaign for president.

To read more about the compensation lawsuit against Twitter, click here.

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