Elon Musk bid to buy Twitter had some benefits for the company. Besides raising the company’s stock price, the demand for working on Twitter increased by 263-percent.
According to Fortune, the data is obtained by Daniel Zhao, a senior economist and data scientist at the job insights platform Glassdoor. He tweeted the stats, saying, “With the announcement of Elon Musk’s Twitter acquisition offer being accepted, interest in Twitter jobs on Glassdoor rose 263-percent last week.”
On April 14, Musk officially announced his intention to buy Twitter. The increased interest in Twitter’s job openings is calculated through average daily clicks on the company’s job postings between April 24 and April 30 compared to March 2022.
Although increasing the number of clicks on job postings does not necessarily mean increasing the number of submitted applications, it shows that many people are willing to join Twitter because of Elon Musk.
“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.” Zhao tweeted.
Musk wants to change Twitter’s hiring strategy
Musk has previously shared his opinions over Twitter’s main areas of focus after he can buy the company. As per his tweets, Twitter will have a super focus on software engineering, design, infosec, and 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!” Musk added.
Although Musk seems confident about buying a 100-percent stake in Twitter, there are concerns within Twitter about the offer. This week, Twitter said Musk’s buyout might affect company advertisers, staff, and users in an SEC report.
Twitter added that the offer could lead to 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.”
Some Twitter employees are expected to leave the company after Musk completes the Twitter acquisition. One of those may be the company’s chief lawyer, Vijaya Gadde, known for her active role in the censorship policies.