Facebook to hire 10,000 in European Union to help build online ‘metaverse’

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Facebook Inc. plans to hire 10,000 people across the European Union over the next five years, the social media giant said on Monday to help create the so-called Metaverse – a nascent online world where people exist and communicate in shared virtual spaces. We do.

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This will be a significant step the company is taking towards the concept, something top boss Mark Zuckerberg has said in recent months.

In September, Facebook pledged $50 million to build the Metaverse, where companies such as Roblox Corp and “Fortnite” maker Epic Games have gotten the initial foothold.

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The company had earlier started testing a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headset can conduct meetings as avatar versions of themselves.

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Facebook also said in July it was building a product team to work on the Metaverse that would be part of Facebook Reality Labs, its augmented reality and virtual reality group.

“This investment (in new jobs) is a vote of confidence in the strength of the European tech industry and the potential of European technical talent,” the company said.

“Europe is extremely important to Facebook.”

(Reporting by Eva Mathews in Bengaluru; Additional reporting by Sheila Dang in Dallas; Editing by Maju Samuel)

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