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Benzinga

Business

Anusuya Lahiri

Meta To Hire 2K Employees Over The Next 5 Years In Spain

Spain Meta Facebook FB Africa Americas Europe Madrid NYSE

Facebook owner Meta Platform Inc (NASDAQ:FB) is looking to hire 2,000 people over the next five years in Spain, Reuters reports.
The 2,000 employees will mainly staff the company's first 'lab,' a flexible base for its remote workers, in Madrid.
Facebook will establish a Metaverse Innovation Hub with local telecoms firm Telefonica SA (NYSE:TEF).
Spain will become an essential link for Meta's development in Europe as its two subsea cables connecting the region with the Americas, and Africa will land in Spain.
Facebook looks to build a data center in Castile-La Mancha in central Spain.
Price Action: FB shares traded lower by 0.20% at $186.26 on the last check Tuesday.

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