Facebook Goes on Massive Hiring Spree

Facebook is on the hunt for employees, aiming to increase its worker base by 14 percent -- or about 1,200 new hires -- in the short term. WhatEUs the big push about? It seems the social media giant is looking to find qualified talent to help move some of its acquisitions forward.

For example, Facebook snapped up virtual reality technology from Oculus Rift for $2 billion in March and now there are 54 jobs listed on its Web site, according to a Reuters report. Facebook is looking to hire managers to oversee logistics, procurement and global supply chain planning for its Oculus business. Facebook is also looking to populate its data centers, according to Reuters. Open positions range from software engineers to salespeople.

EUWe are an ambitious company run by an ambitious CEO,EU Facebook Chief Operating Officer Sheryl Sandberg told Reuters. EUOur users are growing and our business is growing and we want to support that.EU

FacebookEUs Deep Pockets

The company has also moved to build its own drones and satellites that can deliver Internet service to remote areas of the world. Of course, Google and Amazon are working on similar initiatives -- Google has invested billions to expand Internet access via satellites and Amazon is looking to deliver products to your doorstep with drones -- and so the race is on.

EUThereEUs a fairly direct correlation between [Facebook's] investment in people and servers and infrastructure, and their ability to remain competitive,EU Robert Baird & Co analyst Colin Sebastian, told Reuters.

Facebook has plenty of money to spend. The companyEUs revenue for the third quarter of 2014 totaled $3.2 billion, an increase of 59 percent compared with $2.02 billion in the third quarter of 2013. Revenue from advertising was $2.96 billion, a 64 percent increase from the same quarter in 2013. Capital expenditures...

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