(Bloomberg) -- Facebook Inc. said it will create 10,000 new high-skilled positions in Europe within the next five years as part of the social media giant's push to develop a metaverse -- but the U.K. will miss out.
Target markets for the hiring include the Republic of Ireland, which unlike Northern Ireland remains part of the European Union, as well as Germany, France, Italy, Spain, Poland, and the Netherlands. A spokesperson for Facebook confirmed to Bloomberg the U.K. wasn't being included.
In July, Facebook Chief Executive Officer Mark Zuckerberg began aggressively pushing the metaverse as a vision for the future of Facebook and the entire internet, where consumers wouldn't just log onto the company's platforms but live, work and play inside its digital world.
Read more: What the Metaverse Is, Who's In It and Why It Matters: QuickTake
Facebook executives said in a blog post that the initiative is a vote of confidence in Europe's tech sector, and that they want to see the completion of a digital single market and stability on international data flows.
“We look forward to working with governments across the EU to find the right people and the right markets to take this forward, as part of an upcoming recruitment drive across the region,” they said in the statement.
The social media platform is also expecting a record level of advertising during the upcoming holiday season despite supply chain disruptions that have complicated retailers plans.
“All industries are seeing supply chain disruptions at the moment and it's impacting in different ways,” Nicola Mendelsohn, global business group vice president, said on Bloomberg Television. “At the moment it's very much square on for the busiest holiday period of the year and also what is likely to be the biggest online marketing period that we've ever seen.”
©2021 Bloomberg L.P.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
