Facebook Announces 500 New Jobs In 'global Hub' London

LONDON, , (APP - UrduPoint / Pakistan Point News - 21st Nov, 2016 ) - Facebook on Monday became the latest US tech giant to announce new investment in Britain with hundreds of extra jobs but hinted its success depended on skilled migration after Britain leaves the European Union.

The premier social network underlined London's status as a global technology hub at a British company bosses' summit where Prime Minister Theresa May sought to allay business concerns about Brexit.

"London is absolutely a global hub for technology," Nicola Mendelsohn, Facebook's vice president for Europe, the middle East and Africa told the Confederation of British Industry (CBI) conference.

Mendelsohn said Facebook would open its new headquarters in the British capital next year, taking its UK workforce to 1,500 from around 1,000 now.

"It's a place where, frankly, our engineers want to come and work," she said, stressing that the company had staff from 65 nationalities working in London.

"The movement of talent is something that obviously matters to us," she said, although she added it was "too early to say" what effect Brexit could have. Facebook's announcement comes one week after Google confirmed it would expand its vast London campus in a move that could bring 3,000 more jobs to the city.

Apple earlier this year also said it would create a new London headquarters in the iconic and long-abandoned Battersea Power Station in 2021.