Facebook to hire 500 more for new London office

Facebook is set to hire 500 more workers in the UK for its new headquarters in London, increasing its British workforce by 50 per cent. When the new office opens in 2017, the social media company plans to up its headcount from 1,000 to 1,500. The company's new office in Fitzrovia is estimated to be large enough to hold 2,000 employees, suggesting further hires. Nicola Mendelsohn, Facebook’s European head, said many of the jobs would be highly skilled roles. Earlier this week, Google announced plans to build a new headquarters in King’s Cross, creating 3,000 jobs.

More from Business

  • EU seeks unity in first strike back at Trump tariffs

    European Union countries will seek to present a united front in the coming days against U.S. President Donald Trump's tariffs, likely approving a first set of targeted countermeasures on up to $28 billion of U.S. imports from dental floss to diamonds.

  • UK's Jaguar Land Rover to halt US shipments over tariffs

    Jaguar Land Rover will pause shipments of its Britain-made cars to the United States for a month, it said on Saturday, as it considers how to mitigate the cost of President Donald Trump's 25% tariff.

  • US starts collecting Trump's new 10% tariff

    U.S. customs agents began collecting President Donald Trump's unilateral 10% tariff on all imports from many countries on Saturday, with higher levies on goods from 57 larger trading partners due to start next week.

  • Nasdaq set to confirm bear market as Trump tariffs trigger recession fears

    The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.

  • Dana Gas and Crescent Petroleum exceed 500M boe in Khor Mor field

    UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).