Wednesday, December 8, 2021
Home Crypto News Market Facebook Is Bringing 10,000 European Union (EU) Jobs To Build The Metaverse

Facebook Is Bringing 10,000 European Union (EU) Jobs To Build The Metaverse

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Social media giant Facebook has announced that it will hire 10,000 people in the European Union to improve its metaverse operations.

This step of Facebook will go down in history as one of the big initiatives taken into the metaverse universe. However, critics take the matter from another perspective.

Metaverse is an online world where people can communicate in a virtual environment, usually with VR glasses.

Facebook CEO Mark Zuckerberg aims to get a big share of the cake in the metaverse universe. The announcement came as Facebook faced the consequences of data leak scandals and looks to metaverse to mitigate negative impacts on FB reputation.

In a blog post, Facebook describes metaverse as a world that will pave the way to new creative, social, and economic opportunities. New job positions will be created in the next five years.


Facebook blog writes:

“Facebook is at the start of a journey to help build the next computing platform. Working with others, we’re developing what is often referred to as the metaverse — a new phase of interconnected virtual experiences using technologies like virtual and augmented reality.

So today, we’re announcing a plan to create 10,000 new high-skilled jobs within the European Union (EU) over the next five years. This investment is a vote of confidence in the strength of the European tech industry and the potential of European tech talent.”


Facebook believes investing in the EU offers many benefits, including access to a large consumer market, world-class universities, and high-quality talent. FB has made building its metadata store one of its top priorities. Facebook, which closely follows the work of its competitors, stated that the metaverse world cannot be built by a company in a single night and promised cooperation on this issue.

In addition, the social media giant has invested $50 million in the metaverse system. However, the idea of ​​the true metaverse is thought to mature in 10 to 15 years.

Some critics argue that the latest announcement was designed to restore the company’s reputation and divert attention after a series of scandals.

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Mark Brennan
Mark is 27, holds a Master degree in Business Administration, and works as a content Creator at TheCryptoBasic mostly on Crypto Market Updates. Since 2014 he has been active in the crypto sector. Thanks to the Business College in which other than Business subjects, he was taught about the disruptive potential of Blockchain. His interests include Blockchain technology and Crypto Market innovations. He also founded a small startup in which he gives lectures on cryptocurrencies.


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