Facebook opens new London HQ, to create 800 UK jobs
The social network said more than half of the people working at the site in central London will focus on engineering, making it Facebook`s biggest engineering hub outside the United States.
Facebook opens its new London office on Monday and said it would add 800 more jobs in the capital next year, underlining its commitment to Britain as the country prepares for Brexit.
The social network said more than half of the people working at the site in central London will focus on engineering, making it Facebook`s biggest engineering hub outside the United States.
It will also house Facebook`s first in-house start-up incubator, called LDN_LAB, designed to help kick start fledgling British digital businesses.
EMEA vice president Nicola Mendelsohn said Facebook was more committed than ever to the UK and supporting the growth of the country`s innovative start-ups.
"The UK`s flourishing entrepreneurial ecosystem and international reputation for engineering excellence makes it one of the best places in the world to build a tech company," she said.
"And we`ve built our company here - this country has been a huge part of Facebook`s story over the past decade, and I look forward to continuing our work to achieve our mission of bringing the world closer together."
The new jobs, which come 10 years after the company set up its first London office, will take Facebook`s total British workforce to more than 2,300 by the end of 2018, it said.
Facebook, along with other U.S. digital giants including Google and Amazon, has not been deterred from expanding in London by Britain`s decision to leave the European Union.
It announced the new headquarters last year, shortly after Google said it was building a new hub in the city that will be able to accommodate more than 7,000 employees in total.
Facebook`s new office in the capital`s West End, designed by architect Frank Gehry, will house engineers, developers, marketing and sales teams working on products like Workplace, its business product which was built in London, it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Power of Compounding: How can you create Rs 5 crore, 6 crore, 7 crore corpuses if your monthly salary is Rs 20,000?
Rs 1,000 Monthly SIP for 40 Years vs Rs 10,000 Monthly SIP for 20 Years: Which can give you higher corpus in long term? Calculations inside
Top 7 ETFs With Highest Returns in 1 Year: No. 1 ETF has turned Rs 8,78,787 investment into Rs 13,95,091; know how others have fared
Power of Compounding: Rs 5 lakh lump sum investment in 3 flexi schemes has grown to at least Rs 15.5 lakh in 5 years; see list
after bumper 2024 rs 2 lakh crore worth ipos expected in 2025 primary market nsdl avanse financial ecom express sebi approval
10:00 AM IST