Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Facebook targets UK growth with 1,000 hires this year

Stock MarketsJan 21, 2020 05:35AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Mendelsohn, Facebook's EMEA VP poses for a portrait following a Reuters interview in London, Britain

By Paul Sandle and Elizabeth Howcroft

LONDON (Reuters) - Facebook (NASDAQ:FB) will hire 1,000 people in London this year in roles such as product development and safety as it continues to grow its biggest engineering center outside the United States after Britain leaves the European Union.

Over half of the new jobs will be in technology, including software engineering and data science, Facebook's vice president for Europe, the Middle East and Africa Nicola Mendelsohn said in an interview.

Other roles will be in the "community integrity" team, which makes products to detect and remove harmful content from platforms like Facebook, Messenger, Instagram and WhatsApp.

Mendelsohn said London's appeal was not only in its technology ecosystem but also the strength of its creative industries.

She said that while Facebook's enthusiasm for London was undimmed, like other tech companies it wanted certainty about Brexit.

"The Johnson government has been very clear about what that looks like, and so we will continue to invest here in London," she said.

UK Prime Minister Boris Johnson said Facebook's growth was "great news". "We are committed to making the UK the safest place in the world to be online, alongside being one of the best places for technology companies to be based," he said.

Facebook's chief operating officer Sheryl Sandberg will announce the new jobs, which will take its total UK employees to more than 4,000, on Tuesday before traveling to the World Economic Forum in Davos with Mendelsohn, where they will meet global leaders, regulators and other business chiefs.

The company is trying to rebuild trust in its platforms after the Cambridge Analytica scandal in 2018, in which a British political consulting firm collected data from Facebook for voter profiling and targeting.

Nick Clegg, Facebook's public affairs chief and a former British politician, said on Monday that the company will do a better job of preventing bad actors from manipulating this year's U.S. presidential election than it did four years ago.

Mendelsohn said trust would take time to rebuild.

"We also understand that this is an ongoing important conversation - we want to be part of that conversation," she said. "We want to be working with policymakers in this area to get to thoughtful policy."

Facebook has commissioned research to show the economic benefits its platforms bring to businesses in Europe.

The study by Copenhagen Economics, which questioned 7,7320 businesses across 15 countries, estimated Facebook apps helped create 208 billion euros ($230 billion) of economic value last year.

"When you extrapolate that further, what you see is that has resulted in 3.1 million jobs in Europe as a result of people utilizing our platforms," Mendelsohn said.

Facebook targets UK growth with 1,000 hires this year
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email