Facebook to hire 10,000 in EU to work on metaverse
Facebook is planning to hire 10,000 people in the European Union to develop a so-called metaverse.
A metaverse is an online world where people can game, work and communicate in a virtual environment, often using VR headsets.
Facebook CEO Mark Zuckerberg has been a leading voice on the concept.
The announcement comes as Facebook deals with the fallout of a damaging scandal and faces increased calls for regulation to curb its influence.
"The metaverse has the potential to help unlock access to new creative, social, and economic opportunities. And Europeans will be shaping it right from the start," Facebook said in a blog post.
The new jobs being created over the next five years will include "highly specialised engineers".
Investing in the EU offered many advantages, including access to a large consumer market, first-class universities and high-quality talent, Facebook said.
Facebook has made building the metaverse one of its big priorities.
Despite its history of buying up rivals, Facebook claims the metaverse "won't be built overnight by a single company" and has promised to collaborate.
It recently invested $50m (£36.3m) in funding non-profit groups to help "build the metaverse responsibly".
But it thinks the true metaverse idea will take another 10 to 15 years.
Some critics say this latest announcement is designed to re-establish the company's reputation and divert attention, after a series of damaging scandals in recent months.
This included revelations from whistleblower Frances Haugen, who worked as a product manager on the civic integrity team at Facebook.
Internal research by Facebook found that Instagram, which it owns, was affecting the mental health of teenagers. But Facebook did not share its findings when they suggested that the platform was a "toxic" place for many youngsters.
Source: BBC
Trending Business
Ashanti Region pig farmers raise pork prices amid soaring production costs
02:58Jospong Group, Uasin Gishu County signs pact to boost sanitation services in Kenya
00:40FDA defends best-before-date extension on 22,000 bags of rice for SHS students
09:40Exchange rate cause of escalating petroleum prices -NPA
14:39AAC pledges sustainable agriculture practices and investments across Africa
12:46'The Bank Square': BoG's new HQ will foster innovation, excellence in service – Pres. Akufo-Addo
22:54'The Bank Square': BoG to commission new HQ Wed. Nov. 20
02:38Royal Senchi hotel founder dies
14:33Jospong rice to hit markets soon!
09:31Accra gears up for the Plant-Based Vegan Market 2024 event: A Celebration of Kind Living
10:12