24 Aug 2009
Facebook is about to confound the recession with plans to enlarge its staff by 50 per cent this year.
The social networking giant, which already has around 1,000 employees, is hoping to benefit from a surplus of engineers made redundant in the recession, according to a Bloomberg report.
"No one else has been hiring," Facebook chief executive Mark Zuckerberg is quoted as saying. "It's been a great environment for us because the economy has helped out."
The site is the most popular social networking site in the UK, with 23.9 million visitors recorded by research firm comScore for May, a 57 per cent increase on the same period a year ago.
Facebook's expansion is the latest in a series of bold moves. The firm announced earlier this month that it will purchase content aggregator FriendFeed, appointing its four founders - all former Google executives - to senior roles within the company.
However, Facebook has also been blighted by privacy and security issues. Just last week several rogue applications appeared on the site, stealing user credentials and spamming users' networks of 'friends'.
And the firm has long been criticised over its privacy settings, which many users find overly complicated, and for the difficulty users have in getting the company to completely remove their personal details from its servers when they cancel an account.
Earlier this month five users from California began legal proceedings against Facebook, claiming that the site v iolates state privacy laws and misleads people over how it uses their data.
Latest stories from Web
Related articles
Related jobs
Poll
What is the most important IT priority for your company this year?
Sneak peek at the forthcoming glass-based machine
Connect with V3.co.uk
This paper focuses on a series of best practices and techniques for development teams looking to improve their software development processes
Why good data management at all levels is essential in the modern business (video, 6mins)
Our client, a leading IT services and consulting organization...
Midweight PHP Developer // LAMP // HTML // CSS...
My client a leading global financial company is seeking...
QA Test Analyst – Selenium RC – Java – Automation – Bug...
Keep up to date with the latest products, services and technologies from the world's leading IT companies. IThound.com brings you over 2,000 white papers, case studies and analyst reports.
Do you agree?