Feeds

Facebook to hire like it's 1999

Could increase staff by as much as 50 per cent

The Essential Guide to IT Transformation

Facebook expects to increase its staff by as much as 50 per cent this year by tapping into the "surplus" of out-of-work engineers caused by the Meltdown.

The social networking website's chief executive Mark Zuckerburg said in an interview with Bloomberg that while most tech firms are shedding workers to make do, Facebook's revenues are on the rise and capital investments are still flowing in. The business has about 1,000 employees worldwide and could bolster its ranks by 40 per cent to 50 per cent in 2009, he said.

"No one else has been hiring," Zuckerberg told Bloomberg. "It's been a great environment for us because the economy has helped out."

Facebook's chieftain said the company is tightening its belt in other areas, however, in order to finally reach profitability by 2010. One such effort was moving into a stripped-down, cement-walled building in Palo Alto, California which he dubbed "the bunker", when it was time to expand to a larger headquarters.

Facebook's expansive plans for this year contrast with that of MySpace, which announced in June that it will lay off nearly 30 per cent of its US-based workforce. MySpace said at the time that its staffing was "bloated" as well as "too big considering the realities of today's marketplace."

While Facebook claims to have more than 250 million users now, Zuckerberg apparently thinks that's peanuts compared with what the website can eventually pull in. Hyperbole is certainly not a foreign concept to the man, but he actually told Bloomberg that he aims to eventually have 1 billion users on the website.

One billion. About 15 per cent of the world's population. Too be fair, Zuckerberg didn't provide a time frame for this miraculous accomplishment and didn't specify if he was counting house pets and alternate dimensions in his prediction, either. ®

Build a business case: developing custom apps

More from The Register

next story
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Sonos AXES support for Apple's iOS4 and 5
Want to use your iThing? You can't - it's too old
Amazon says Hachette should lower ebook prices, pay authors more
Oh yeah ... and a 30% cut for Amazon to seal the deal
Philip K Dick 'Nazi alternate reality' story to be made into TV series
Amazon Studios, Ridley Scott firm to produce The Man in the High Castle
Joe Average isn't worth $10 a year to Mark Zuckerberg
The Social Network deflates the PC resurgence with mobile-only usage prediction
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Feel free to BONK on the TUBE, says Transport for London
Plus: Almost NOBODY uses pay-by-bonk on buses - Visa
Nintend-OH NO! Sorry, Mario – your profits are in another castle
Red-hatted mascot, red-colored logo, red-stained finance books
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
Stick a 4K in them: Super high-res TVs are DONE
4,000 pixels is niche now... Don't say we didn't warn you
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.