Facebook plans to hire 10,000 people in the EU to build a ‘metaverse’

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The Facebook logo can be seen in Davos, Switzerland on January 20, 2020. Photo taken on January 20, 2020. REUTERS / Arnd Wiegmann

Oct. 18 (Reuters) – Facebook Inc (FB.O) plans to hire 10,000 people 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.

It would be a big step for the company to take towards the concept, something top boss Mark Zuckerberg has been touting in recent months.

In September, Facebook pledged $ 50 million to build the Metaverse, where companies like Roblox Corp (RBLX.N) and “Fortnite” maker Epic Games gained a foothold. Read more

The company previously launched a test of a new virtual reality remote working app where users of the company’s Oculus Quest 2 headsets can hold meetings as avatar versions of themselves. Read more

Facebook also announced in July that it was creating a product team to work on the metaverse that 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 extremely important to Facebook.”

Reporting by Eva Mathews in Bengaluru; Additional reporting by Sheila Dang in Dallas; Editing by Maju Samuel

Our Standards: The Thomson Reuters Trust Principles.


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