Facebook set to double its London presence

Employment & Skills | Latest News | South East | Technology

FacebookSocial media platform Facebook has announced it will double its presence in London, acquiring nearly 600,000 square feet of office space across two buildings in King’s Cross – enough for more than 6,000 workstations.

The social network 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 in a statement that 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.”

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 on terms could trigger a ‘hard Brexit’, potentially hitting growth and jobs.

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