Facebook Inc (FB.O) 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 (RBLX.N) 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."
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
'We don't want wars': Russia sends less hawkish message on Ukraine
After days of deadlock, Italy speeds up presidential vote
Ukraine standoff 'extremely dangerous', anti-nuke group warns
Thousands of fish die from thermal shock as cold hits northwest Greece
Russia keeps door open to talks as US rejects key security demands
PM Johnson waits for report on lockdown parties
UK's Johnson faces 'partygate' crunch
Istanbul permits first flights after snow pummels Mediterranean
US warns Russia of damaging sanctions, including on Putin