Type
Business expansion
Country
United Kingdom
Region
London; Inner London;
Location of affected unit(s)
London
Sector
Information / Communication
Information Service Activities
Information Service Activities
63 - Information service activities

800 jobs
Number of planned job creations
Job creation
Announcement Date
4 December 2017
Employment effect (start)
Foreseen end date
31 December 2018

Description

Social Media company Facebook has announced plans to create 800 new jobs. The jobs will be based at its new London office and will be created throughout 2018. When all the new jobs are added Facebook will have a UK workforce of 2,300 employees. The new site in London is Facebook's largest hub outside the USA and will house technical staff such as engineers and developers as well as sales and marketing staff. Facebook's decision to expand in the UK has been seen as an indication of confidence in the UK economy, with figures including the Chancellor of the Exchequer welcoming the announcement.


Sources

  • 4 December 2017: BBC Website

Citation

Eurofound (2017), Facebook, Business expansion in United Kingdom, factsheet number 92919, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/92919.