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UK Gets a Big Facebook Like

02 December 2016 | Updated 01 January 1970

Facebook is set to take on an extra 500 staff in London , its European head has announced, as she hailed the UK as one of the best places for technology companies to set up.

Nicola Mendelsohn, Facebook’s vice president of EMEA, told the CBI conference (on Nov 21) that the social media empire will employ 1,500 people in the capital next year.

Theresa May welcomed the move, stressing that Facebook: Iis just one example of how businesses are saying ‘actually the UK is a good place to invest and a good place to do business’.”

Making her announcement, Lady Mendelsohn told delegates: “We have 1,000 people working in our offices in London but we’re going to continue to invest and we’re going to increase our head count by 50% in the next year, so we will have 1,500 people here in the UK.

“So if you’re looking for a job - we’re hiring.”

Describing technology in the UK as a British success story that the nation should be proud of, the peer urged big business to try to be as agile, fast moving, able to disrupt the norm and pivot in the same way as smaller firms.

She said Facebook used a 'lock-down' style of innovation by reacting to changing trends. The shift towards mobile, which generated 0% of revenue for Facebook in 2012, is now worth more than 80% of revenue, she said, adding that Facebook is now seeing 100 million hours of video being watched every single day.

Lady Mendelsohn also encouraged firms to give their staff greater access to information to make better decisions and in turn have a greater impact.

Picture: Lady Mendelsohn brought music to the ears of employees and office letting agents at the recent CBI conference


Article written by Cathryn Ellis | Published 02 December 2016


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