Facebook to invest heavily in the EU, hire 10,000

The tech giant will use European professionals to build the ‘metaverse’ over the next decade or so

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Facebook is gearing to invest heavily in the European Union and create 10,000 jobs. It is looking at leveraging its universities, consumer market as well as ace quality talent.

The tech major will rely on European talent, including ‘specialised engineers’, to build a metaverse — an online world where people can work, communicate and even game in the virtual space with the help of virtual reality (VR) headsets.

To create this virtual universe, about 10,000 skilled professionals will be required, and Facebook is all set to fish from the European talent pool over the next five years.

The tech company has already pumped in $50m (£36.3m) to fund non-profit groups to construct the metaverse in a responsible manner.

Facebook has made it evident that it will work on creating the metaverse on priority. To create this VR version of the Internet, it intends to enter into collaborations over the next decade or so.

Once the metaverse becomes a reality, there will be no difference between the digital and physical worlds. All people have to do is probably wear the VR glasses and feel as if they are speaking to a friend in person despite them being geographically distanced from them.

Facebook was recently in the news for all the wrong reasons, when it was revealed that the Company tried to hide the fact that its sites were capable of doing harm to the mental health of youngsters. The Company faced a lot of criticism when a former employee disclosed that the Company had intentionally concealed the results of its internal study that showed the adverse effects of Instagram on the mental condition of teenage girls.

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