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Facebook plans to hire 10,000 in EU to build ‘metaverse’
Published by maria gbaf
Posted on October 18, 2021
2 min readLast updated: January 29, 2026
Global Banking & Finance Review®
Company
Published by maria gbaf
Posted on October 18, 2021
2 min readLast updated: January 29, 2026
Facebook is set to hire 10,000 in the EU to develop the metaverse, a virtual space initiative, enhancing European tech capabilities.
(Reuters) – Facebook Inc plans to hire 10,000 in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse – a nascent online world where people exist and communicate in shared virtual spaces.
This would be a significant step the company is taking towards the concept, something top boss Mark Zuckerberg has touted in recent months.
In September, Facebook committed $50 million towards building the metaverse, where companies like Roblox Corp and “Fortnite” maker Epic Games have an early foothold.
The company earlier launched a test of a new virtual-reality remote work app where users of the company’s Oculus Quest 2 headsets can hold meetings as avatar versions of themselves.
Facebook also said in July it was creating a product team to work on the metaverse which 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 tech talent,” the company said.
“Europe is hugely important to Facebook.”
(Reporting by Eva Mathews in Bengaluru; Additional reporting by Sheila Dang in Dallas; Editing by Maju Samuel)
Facebook's plan to hire 10,000 in the EU for metaverse development.
A virtual world where people can interact in shared spaces, being developed by companies like Facebook.
Facebook has committed $50 million towards building the metaverse.
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