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This has been reposted so many times. It’s obviously a work in progress, with the wood from the stairs missing. The floor doesn’t look finished as well.
I used to live in a home with a spiral staircase very similar in construction to the stairs in the picture. Once I removed all the wood in order to clean, fix and re-finish the wood. With the wood removed it was in fact a death trap like shown in the picture. I replaced the wood with temporary OSB cut to the right size, which actually looked kinda cool.
This is clearly a work in progress. The stair planks are meant to bolt onto those reinforcement beams, and likely a hand rail will appear for the last half of it.