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TRON’s BitTorrent Acquisition: Unhappy Employees Exiting

In accordance with the latest reports, approximately five staff members of the BitTorrent crew have quit the peer-to-peer networking pioneer, owing to the company’s acquisition by Justin Sun, quite lately.

In the month of June, Sun, the CEO of Tron, finally announced the official acquisition of BitTorrent,  after being involved in the dealings for quite a long time. Back then, a number of people postulated that Sun acquired BitTorrent with the expectations to integrate its extensive user base, of around 100 million users on a monthly basis, for his own good. On the other hand, there were others who presumed that he purchased the firm with an intention to impart, Tron, the credibility that it has been accused of lacking, in the previous times.  

As per the information gathered from various sources, three out of five employees made an independent decision to quit the organisation, while the rest were sent away. Also, the two visibly possible reasons associated with these departures are the employees’ concerns following the acquisition and the new lines of direction presented by the Tron Leadership.

As per the claims, the company lost two employees who assumed significant leadership positions such as that of a general manager and head of the marketing department. There are a number of members serving at senior-levels, who are willing to quit the job but are helpless in the regard, due to the 18-month lock-in agreement. These primarily include the organisation’s chief executive officer, chief financial officer, chief product officer and chief revenue officer.

TRON representatives furnish the sources with a completely different story. The contradictory statement follows,

“TRON IS COMMITTED TO THE BITTORRENT PRODUCT AND USER COMMUNITY. WE HAVE BEEN GROWING RAPIDLY SINCE THE ACQUISITION, AS ONE FAMILY, TO MEET OUR VISION FOR A DECENTRALIZED FUTURE.”

The ironical fact is that the “rapid growth” reflects the primary concern of the remaining staff. In accordance with the LinkedIn offerings, the merger is out on a hunt for as much as 30 diverse positions. They are looking for people from all the fields, ranging from software engineers to human resource managers. This scenario scares the current employee group, of approximately 49 people, on grounds that the expansion as envisioned by Sun will lead to a severe compromise on the part of company’s work culture, which, prior to the acquisition, was suggested to be extremely relaxed.

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