Facebook has aggressive growth plans for the coming years, and the fact is evident from the 1,159 job openings listed on its corporate site. The job postings are mostly for advertising sales.
According to a company filing, a jump of 44% was noted in the staffing level in the time span of 12 months that ended on Sept. 30. Also it was disclosed that Facebook’s headcount grew to 8,348 as of that date, while no information is available on the social network’s year-end employment level. The growth in the headcount is also fueled by the fact that the company is moving into new areas.
This Tiger Cub Giant Is Betting On Banks And Tech Stocks In The Recovery
The first two months of the third quarter were the best months for D1 Capital Partners' public portfolio since inception, that's according to a copy of the firm's August update, which ValueWalk has been able to review. Q2 2020 hedge fund letters, conferences and more According to the update, D1's public portfolio returned 20.1% gross Read More
“We are an ambitious company run by an ambitious CEO,” Facebook Chief Operating Officer Sheryl Sandberg told Reuters in an interview. “Our users are growing and our business is growing and we want to support that.”
Despite having an impressive growth rate, the workforce at Facebook is leaner when compared to other tech companies. LinkedIn’s revenue is only one-fifth of Facebook’s, and despite that, it has more than 5,000 employees.
What Facebook wants
There are 52 job listings in the Oculus virtual reality unit, suggesting that the Oculus Rift virtual reality headset could soon be available for commercial release. Facebook is also looking for 150 people in data center technology to effectively manage information from its ever-growing membership.
Facebook is also making efforts to provide internet access in all parts of the world with the help of drones, therefore, it is also in need of aerospace mechanical technicians, avionics engineers and a flight test manager. The flood of hiring expected to be done by the company itself, as it has listing for at least 43 recruiters and 28 human resources.
Of all the new job listings posted by Facebook, more than 550 are for the company’s Menlo Park headquarters. Also the company is hiring for other locations, including London (112 positions), Seattle (57 positions) and Austin, Tex. (22 positions). Later in the year, the company will have its new headquarters in Menlo Park designed by Frank Gerhy, spanning over an area of 500,000 square feet. It is expected to hold up to 3,000 employees.