Photo: AFPLondon: Facebook Inc. is to hire 800 new staff in London, expanding its UK headquarters despite coming under increasing scrutiny from the country’s lawmakers. The new hires—predominately in engineering roles and to be recruited over the next year—will bring the number of staff working for Facebook in the UK to 2,300. Facebook joins a number of large tech companies doubling down on their presence in London, despite the ongoing uncertainty about the UK’s pending exit from the European Union. “It’s a sign of confidence in our country that innovative companies like Facebook invest here,” UK Chancellor Philip Hammond said in a statement. Over the last 12 months it’s also become harder for British startups to raise new funding, according to 32% of founders questioned.

Source: Mint December 04, 2017 04:07 UTC