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Facebook to Double Office Presence in London

Facebook to Double Office Presence in London
(Daniel Draghici/Dreamstime)

Monday, 23 July 2018 01:09 PM

Facebook said on Monday it would double its presence in London, acquiring nearly 600,000 square feet (56,000 square meters) of office space across two buildings in King’s Cross - enough for more than 6,000 workstations.

The social network (FB) did not say how many jobs it would add in the British capital, where it expects to employ 2,300 people by the end of this year. It added 800 jobs in London last year.

Steve Hatch, managing director for Northern Europe, said Facebook had developed many of its significant products - including its Workplace collaboration and apps for its Oculus virtual reality headsets - in London.

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

The announcement represents a vote of confidence in Britain at a time of uncertainty caused by its expected exit from the European Union next spring. Failure to agree terms could trigger a ‘hard Brexit’, potentially hitting growth and jobs.

© 2019 Thomson/Reuters. All rights reserved.

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Facebook Inc. will double the amount of space it occupies in London as technology firms continue to expand in the U.K.
facebook, london, workers, space
Monday, 23 July 2018 01:09 PM
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