Interest in working at Twitter has soared since Elon Musk launched his takeover bid for the company, according to reports.
Job interest in Twitter has skyrocketed by a staggering 263% since Elon Musk first made his move to buy the social media platform last month.
The interest is now expected to rise further after news broke this week that Musk will install himself as CEO of Twitter for the months after his acquisition is complete.
Daniel Zhao, a senior economist and data scientist at the job insights platform Glassdoor, said: “Some trivia: With the announcement of Elon Musk’s Twitter acquisition offer being accepted, interest in Twitter jobs on Glassdoor rose 263 percent last week (4/24-4/30), compared to the March 2022 baseline.
“Well, the above data is made more relevant by today’s news.
“Say what you will about Elon, he does have a large fanbase of ppl excited to work for him.
“He’s much more likely to capitalize on that attraction as CEO than owner.”
Some trivia: With the announcement of Elon Musk's Twitter acquisition offer being accepted, interest in Twitter jobs on Glassdoor rose 263 percent last week (4/24-4/30), compared to the March 2022 baseline.
— Daniel Zhao (@DanielBZhao) May 5, 2022
Well, the above data is made more relevant by today's news. Say what you will about Elon, he does have a large fanbase of ppl excited to work for him. He's much more likely to capitalize on that attraction as CEO than owner.https://t.co/DxldJ1Hrqp
— Daniel Zhao (@DanielBZhao) May 5, 2022
Musk responded to a Fortune article about Zhao’s findings by noting that he wants key positions filled by people who are “great” and “excellent” at what they do:
“If Twitter acquisition completes, company will be super focused on hardcore software engineering, design, infosec & server hardware.
“I strongly believe that all managers in a technical area must be technically excellent.
“Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!”
I strongly believe that all managers in a technical area must be technically excellent.
Managers in software must write great software or it’s like being a cavalry captain who can’t ride a horse!
— Elon Musk (@elonmusk) May 6, 2022
From Fortune:
In its SEC report this week, Twitter said that Musk’s takeover might cost the company advertisers, staff, and users regardless of the outcome of the takeover — if it reaches a final conclusion or if it somehow fails along the way.
“The announcement and pendency of our agreement to be acquired by affiliates of Elon Musk may have an adverse effect on our business results, and a failure to complete the merger could have a material and adverse effect on our business, results of operation, financial condition, cash flows, and stock price,” the company wrote.
The report specifically highlighted the possibility that the company’s current period of uncertainty might lead to issues related to staffing.
A consequence of the merger, the company wrote, could be its “inability to attract and retain key personnel and recruit prospective employees, and the possibility that our current employees could be distracted, and their productivity decline as a result.”
