Facebook to Hire 10,000 Workers in EU to Build Up 'Metaverse'
October 18 2021 - 1:48AM
Dow Jones News
By Ben Otto
Facebook Inc. is planning to create 10,000 jobs in the European
Union over the next five years to build a virtual realm its sees as
a key component of its future and a major driver of new technology
investment.
The U.S. social media giant said Sunday that 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 each
other using technologies including virtual and augmented
reality.
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 develop the virtual space, noting that parts of it could
take 10-15 years to fully develop.
Write to Ben Otto at ben.otto@wsj.com
(END) Dow Jones Newswires
October 18, 2021 01:33 ET (05:33 GMT)
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