This website collects cookies to deliver better user experience. Cookie Policy
Accept
Sign In
The Wall Street Publication
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Reading: Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’
Share
The Wall Street PublicationThe Wall Street Publication
Font ResizerAa
Search
  • Home
  • Trending
  • U.S
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Markets
    • Personal Finance
  • Tech
  • Lifestyle
    • Lifestyle
    • Style
    • Arts
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© 2024 The Wall Street Publication. All Rights Reserved.
The Wall Street Publication > Blog > Business > Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’
Business

Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’

Editorial Board Published October 18, 2021
Share
Facebook to Hire 10,000 Workers in EU to Build Up ‘Metaverse’
SHARE

Facebook Inc. FB -1.15% is planning to create 10,000 jobs in the European Union over the next five years to build a virtual realm it sees as a key component of its future and a major driver of new technology investment.

The U.S. social-media giant said Sunday it would embark on a recruiting drive for highly skilled workers in the region to help build a “metaverse,” an online realm where users engage with one another using technologies including virtual and augmented reality. The company said it would focus on hiring in Germany, France, Italy, Spain, Poland, the Netherlands and Ireland.

Facebook said in a blog post that the investment “is a vote of confidence in the strength of the European tech industry and the potential of European tech talent.”

“As we begin the journey of bringing the metaverse to life, the need for highly specialized engineers is one of Facebook’s most pressing priorities,” it said.

Facebook Chief Executive Mark Zuckerberg laid out his vision for the metaverse over the summer, describing it as a successor to the mobile internet that would be a major driver of new technology investment. The company last month unveiled plans to invest $50 million to build the virtual space, noting that parts of it could take 10 to 15 years to fully develop.

Facebook’s EU hiring announcement comes as the bloc is in the midst of debating multiple legislative packages aimed at reining in the power of big technology and social-media companies, rules that would be backed by the power to levy significant fines. Facebook has said it welcomes new regulations, including parts of the EU bills, but has also raised concerns about some of their elements.

In the blog post on Sunday, Facebook said that “the EU also has an important role to play in shaping the new rules of the internet” by embedding European values which Facebook says it shares.

Facebook is under increased regulatory scrutiny on both sides of the Atlantic following a series of articles by The Wall Street Journal, based in part on extensive internal communications at the company, that offer an unprecedented look at Facebook’s struggles to manage products and systems at the heart of its business success.

The articles helped spur Senate hearings in late September and October.

Facebook has said its internal research was taken out of context. The Journal has said it stands by its reporting.

—Sam Schechner contributed to this article.

Write to Ben Otto at [email protected]

Copyright ©2021 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

TAGGED:Business NewsPAIDWall Street Publication
Share This Article
Twitter Email Copy Link Print
Previous Article Goldman Sachs Cleared to Own All of China Unit Goldman Sachs Cleared to Own All of China Unit
Next Article Stock Futures Fall After Weak China Growth Data Stock Futures Fall After Weak China Growth Data

Editor's Pick

Trisha Paytas Welcomes Child #3, Reveals Tremendous-Distinctive Title

Trisha Paytas Welcomes Child #3, Reveals Tremendous-Distinctive Title

Studying Time: 2 minutes Trisha Paytas has welcomed her third little one. The well-known YouTuber has additionally revealed their unorthodox…

By Editorial Board 4 Min Read
Closure of I-680 deliberate in Fremont this weekend
Closure of I-680 deliberate in Fremont this weekend

FREMONT — Southbound lanes of Interstate 680 might be closed to visitors…

1 Min Read
6 Greatest Hermes Cologne – Males’s Luxurious Fragrances For 2025 | Fashion
6 Greatest Hermes Cologne – Males’s Luxurious Fragrances For 2025 | Fashion

We independently consider all advisable services. Any services or products put ahead…

13 Min Read

Oponion

Michael Pitt: ‘Boardwalk Empire,’ ‘Dawson’ Creek’ Star Arrested For Sexual Abuse

Michael Pitt: ‘Boardwalk Empire,’ ‘Dawson’ Creek’ Star Arrested For Sexual Abuse

Studying Time: 2 minutes Michael Pitt — the actor finest…

May 7, 2025

Larry Magid: Rushing up a sluggish machine

In the end, it occurs to…

October 17, 2024

Celebrini, Smith will face adversity as NHL rookies. Right here’s why the Sharks aren’t frightened

SAN JOSE – The San Jose…

September 21, 2024

Advancing Cannabinoid Analysis Globally

Exploring the ICRS Annual Symposium: Advancing…

May 2, 2025

Alibaba Empowers Business Units to Be More Agile as Challenges Mount

HONG KONG—Alibaba Group Holding Ltd.’s chief…

November 26, 2021

You Might Also Like

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution
Business

Thales Reinforces its Management in eSIM and IoT Connectivity with a ‘Ready to Use’ Licensed Resolution

At a time when billions of linked objects are reshaping industries, Thales has achieved a vital safety certification for its…

4 Min Read
Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality
Business

Soracom IoT Platform Achieves SOC 2 Kind 2 Compliance for Safety, Availability, and Confidentiality

Soracom, Inc., right now introduced that it has efficiently achieved System and Group Controls (SOC) 2 Kind 2 compliance, reinforcing…

2 Min Read
Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama
Business

Mobile IoT Module Shipments Grew 23% in Q1 2025 as US–China tensions affect vendor panorama

In brief Shipments of mobile IoT modules and chipsets grew 23% year-over-year in Q1 2025, based on IoT Analytics’ International…

20 Min Read
Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes
Business

Prime 7 Visitor Posting Marketplaces to Purchase Visitor Posts That Drive Search engine optimization Outcomes

Utilizing a visitor posting market helps you overlook all that like a nasty nightmare. However how do you discover probably…

14 Min Read
The Wall Street Publication

About Us

The Wall Street Publication, a distinguished part of the Enspirers News Group, stands as a beacon of excellence in journalism. Committed to delivering unfiltered global news, we pride ourselves on our trusted coverage of Politics, Business, Technology, and more.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Term of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices

© 2024 The Wall Street Publication. All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?