Facebook to double workplace presence in London

(Reuters) – Facebook stated on Monday it might double its presence in London, buying practically 600,000 sq. ft (56,000 sq. metres) of workplace area throughout two buildings in King’s Cross – sufficient for greater than 6,000 workstations.

FILE PHOTO: The Facebook brand is displayed on their web site in an illustration photograph taken in Bordeaux, France, February 1, 2017. REUTERS/Regis Duvignau/File Photo

The social community didn’t say what number of jobs it might add within the British capital, the place it expects to make use of 2,300 individuals by the top of this 12 months. It added 800 jobs in London final 12 months.

Steve Hatch, managing director for Northern Europe, stated Facebook had developed lots of its vital merchandise – together with its Workplace collaboration and apps for its Oculus digital actuality headsets – in London.

“Today’s news reflects our commitment to the UK and our desire to grow our business and the UK economy,” he stated in a press release.

The announcement represents a vote of confidence in Britain at a time of uncertainty attributable to its anticipated exit from the European Union subsequent spring. Failure to agree phrases might set off a ‘hard Brexit’, probably hitting progress and jobs.

Reporting by Douglas Busvine; Editing by Maria Sheahan

Our Standards:The Thomson Reuters Trust Principles.

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