A new report by Bloomberg reveals Twitter has restricted access to its source code in order to avoid illegal changes. According to sources, this modification was meant to deter staff from “going rogue” and destroying the platform following Elon Musk’s $44 billion acquisition.
Following the company’s announcement that it would accept Tesla CEO’s bid to acquire the company, it was unclear how the company’s 7000 employees’ would fair when the new administration takes over.
Twitter’s CEO Parag Agrawal was in a meeting with the company’s staff and he noted no layoffs were planned “at this time”. His reassurance still didn’t remove the anxiety of the employees as they continued to have concerns about how they would suffer when Musk takes over.
Out of curiosity, the company’s Director of Machine Learning Ethics, Transparency, and Accountability, Rumman Chowdhury, also tweeted, “Elon aside, can anyone explain to me how Twitter will hire/keep employees since there isn’t company stock to create competitive comp packages?
Chowdhury’s tweet got some interesting replies, and one was by a Twitter user who noted that every musk company gets more applications than the rest of the industry. “I would not worry about getting talent for twitter. Plenty of smart people want to work in his companies, others can leave, no one will miss them.”
Musk’s attempt to acquire Twitter remains subject to shareholder and regulatory approval for the time being. However, if it proceeds as planned, we may see significant staff changes, resignations, and more. A similar upheaval occurred when Twitter was first listed on the New York Stock Exchange. By the time Twitter went public, 90 companies had been founded by the company’s former employees.
Tesla CEO Elon Musk is notoriously bad at managing his workforce. Under his leadership, He frustrated the efforts of unions who advocated for a more welfare concerns at Tesla. The company was sued for race discrimination and rejected worries about returning to work during the COVID-19 outbreak.
