Facebook says it plans to hire 10,000 workers in the European Union over the next five years to work on a new computing platform.
FILE - In this March 29, 2018, file photo is the Facebook logo on screens at the Nasdaq MarketSite, in New York's Times Square. On Thursday, Oct. 7, 2021 Ireland agreed to join an international agreement establishing a minimum corporate tax of 15% around the world, ditching the low-tax policy that has led companies like Google and Facebook to base their European operations in the country.
Facebook executives have been touting the metaverse as the next big thing after the mobile internet, though their track record is spotty on predicting future trends. Expectations that CEOmade four years ago of taking virtual vacations with faraway loved ones via a headset or using a smartphone camera to improve an apartment virtually have not materialized so far.
Facebook’s recruiters are targeting Germany, France, Italy, Spain, Poland, the Netherlands and Ireland for the hiring drive. The company as of June reported having more than 63,000 employees worldwide, up 21% from the same time last year. “There’s not going to be specific metaverses to specific companies. There’s only going to be one metaverse,” said Tuong Nguyen, an analyst who tracks immersive technologies for research firm Gartner.
The term metaverse was coined by writer Neal Stephenson for his 1992 science fiction novel “Snow Crash” but has recently found new life in the tech business world as startups and tech giants try to stake their claim on an emerging trend. In a separate blog post Sunday, Facebook defended its approach to combating hate speech, in response to a Wall Street Journal article that examined the company’s inability to detect and remove hateful and excessively violent posts.
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