Facebook plans to hire 10,000 in EU to build ‘metaverse’

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Facebook plans to hire some 10,000 new employees across the EU over the next five years, the social media giant has said, 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.”

The team at Platform Executive hope you have enjoyed the ‘Facebook plans to hire 10,000 in EU to build ‘metaverse’‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Eva Mathews in Bengaluru. Additional reporting by Sheila Dang in Dallas. Editing by Maju Samuel.

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