Oyogist.com has Learned that Facebook Inc. 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.
