Dec 4, 2017

Facebook to recruit 800 staff for new London office

Facebook has ramped up plans for its new London offices by pledging to hire 300 more "High tech" employees than expected, making the UK capital its biggest engineering hub outside the US. The social media company said last year it would hire 500 workers when it opened new offices at Rathbone Place in London's west end, but increased the number to 800 as part of a commitment to the UK tech industry ahead of Brexit. The 800 new staff represent an addition of more than 50 per cent to Facebook's British workforce at a time when technology executives have warned that Brexit is limiting their ability to hire highly skilled coders and developers. By the end of the year, Amazon's UK workforce will have increased by roughly a quarter to 24,000 while Google has announced plans to recruit an additional 3,000 people in its London office over the next few years. These are companies that have come under attack for their small tax contributions in the UK. Facebook paid £5.1m in UK corporate tax last year, slightly more than its 2015 bill of £4.2m, despite a near fourfold increase in revenues to £842.4m. Industry executives hope the presence of big tech companies in London will reassure start-ups and venture capital groups of the UK's leading position in the continent's technology sector as other countries begin to encroach. Facebook, for example, will create an incubator at its new offices where start-ups can apply for three month programmes to develop their businesses.

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