FB wants to create 10,000 EU jobs to build ‘metaverse’

PARIS: Facebook on Monday announced plans to hire 10,000 people in the European Union (EU) to build what it calls a “metaverse” - a virtual reality version of the internet that the tech giant sees as the future.

Facebook CEO Mark Zuckerberg has been a leading voice in Silicon Valley hype around the idea of the metaverse, which would blur the lines between the physical world and the digital one.

The technology might, for example, allow someone to don virtual reality glasses that make it feel as if they’re face-to-face with a friend - when they are thousands of miles apart and connected via the internet.

“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 EU hiring, spread over the next five years, will include “highly specialised engineers”, but the company otherwise gave few details of its plans for the new metaverse team.

“The EU has a number of advantages that make it a great place for tech companies to invest - a large consumer market, first class universities and, crucially, top quality talent,” the blog post said.

The announcement comes as Facebook grapples with the fallout of a damaging scandal, major outages of its services, and rising calls for regulation to curb its vast influence.

The company has faced a storm of criticism over the past month after former employee Frances Haugen leaked internal studies showing Facebook knew its sites could be harmful to young people’s mental health.

Andreas Aktoudianakis, EU lead digital policy analyst at the European policy centre, noted that Facebook has “a bad reputation to fix” and that the metaverse announcement represented “a positive narrative” in troubled times.

The hiring spree could also lend Facebook some bargaining power as it seeks to influence two mammoth pieces of tech legislation being negotiated by the EU, the Digital Markets Act and Digital Services Act.

But Aktoudianakis said the EU’s tough tech regulation was in fact one of the reasons why Europe made sense as the location for Facebook’s new metaverse team.