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Facebook Plans to Hire 10,000 in EU to Build 'Metaverse'

Amy Liu

Summary: Facebook Inc (FB.O) plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - a nascent online world where people exist and communicate in shared virtual spaces. This would be a significant step the company is taking towards the ...

Facebook Inc (FB.O) plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - a nascent online world where people exist and communicate in shared virtual spaces. This would be a significant step the company is taking towards the concept.

In September, Facebook committed $50 million towards building the metaverse. Facebook also said in July it was creating a product team to work on the metaverse which would be part of Facebook Reality Labs, its augmented reality and virtual reality group.

"This investment (in new jobs) is a vote of confidence in the strength of the European tech industry and the potential of European tech talent," the company said. "Europe is hugely important to Facebook."

By Amy Liu

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Link: Facebook Plans to Hire 10,000 in EU to Build 'Metaverse'   [Copy]
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