Facebook plans to recruit an additional 100 employees in the Dublin, Ireland office, bringing total staffing up to 300 in the company’s headquarters for European, Middle Eastern and African sales.
Ireland has important things in common with Delaware in the U.S. — low tax rates that attract large numbers of businesses to the area.
Right now Ireland is holding its corporate tax rate at 12.5 percent, resisting pressure from Germany and other European nations to increase it so that the nation could at some point begin to pay back the €67.5 billion bailout loan from the EU.
European media outlets have suggested that Facebook’s European advertising outpost dramatically contrasts Ireland’s squalor, but a good 75 multinational technology companies also have digs in the country. These include Amazon, Google, Hewlett-Packard, Intel and Microsoft.
Colm Long, Facebook’s director of online operations in Dublin told the U.K. Guardian:
This is not a very popular thing to say, but we’ve seen time and time again that we can go in and have conversations with the Irish government to solve problems … there’s often more bureaucracy in other countries.
Ireland is very business friendly – you can get talent quickly not just from Ireland but from abroad. Other countries are tightening up on immigration and that’s understandable. The Irish government’s approach, though they are cognisant of that, is that they understand you are a growing business … they know that to help our business we’ll need more people and the government will need to be flexible and forward thinking.
If we continue to execute well we can create really meaningful employment opportunities for graduates. The should be some sense of optimism that they don’t have to emigrate for opportunities.
The timing of a Dublin expansion couldn’t better. Pundits have said that Facebook is nearing a saturation point in the U.S., and that future growth prospects for the social network lie overseas.
What do you expect to see happening as a result of Facebook’s expansion of staffing in the Europe, Middle East and Africa headquarters?