Twitter Chief Financial Officer Ned Segal sent an email to company employees Friday stating that annual bonuses could be cut in half, attributing the reduction to the company’s recent decline in earnings, according to a report by The New York Times.

Last month, Twitter reported its first quarterly decline in revenue since 2020, which amounted to a net loss for the company, The New York Times reported.

Segal’s email reportedly conveyed that the bonus pool sits at about half of what it would be if the company had achieved its net profitability goals. Segal noted that the figure could change throughout the year based on future earnings, according to the NYT.

A spokesperson for the tech company recently confirmed the authenticity of the email received by the Times.