Facebook

Type
Business expansion
Country
European Union
Region
Location of affected unit(s)
Germany, France, Italy, Spain, Poland, Netherlands, Ireland
Sector
Information / Computing
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
63 - Computing infrastructure, data processing, hosting and other information service activities
10,000 jobs
Number of planned job creations
Job creation
Announcement Date
17 October 2021
Employment effect (start)
17 October 2021
Foreseen end date
17 October 2026

Description

Facebook, the US-based social media platform, is creating 10,000 new high-skilled jobs in Europe over the next five years. The recruitment process is covering Germany, France, Italy, Spain, Poland, the Netherlands, and Ireland. So far, the company has announced the creation of 5,000 jobs in Poland over the next five years.

Europe has always been important for the success of Facebook. The business expansion is related to the creation of ‘metaverse’, an entirely digital world where people can meet and lead social and professional life using virtual reality and augmented reality. According to Facebook, metaverse is creating new social and economic opportunities. A $50 million (€42.94 million) investment programme has been launched. Facebook is to invest in technology research in Europe, including research on Artificial Intelligence in France and virtual reality and augmented reality in Ireland.

Founded in 2004, Facebook currently employs over 60,600 people worldwide.

Sources

Citation

Eurofound (2021), Facebook, Business expansion in European Union, factsheet number 105444, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/105444.