Average Rating: Rate this article:

Facebook Plans To Boost Staff Despite Recession By Mike Kent August 24, 2009 10:37AM     Facebook CEO Mark Zuckerberg plans to hire hundreds of people this year and boost Facebook's staff 50 percent despite the recession. Despite receiving $600 million in investments, Facebook is housed in an old building with cement floors. Zuckerberg said he expects social networks like Facebook to become as essential as Web browsers.   Related Topics Facebook Marc Zuckerberg Google MySpace Latest News Plasma-TV Ban Could Be Costly Barnes & Noble Nook Is Delayed Flat PC Shipments Hurt Dell's Stock Ballmer Says Windows 7 Sales Good New Pogoplug 'Cloud' Gets Social Facebook founder and CEO Mark Zuckerberg says he's trying to control costs at the same time he wants to take advantage of the recession and hire more engineers. He plans to hire hundreds of people this year, boosting Facebook's staff as much as 50 percent. Currently, Facebook has about 1,000 employees but plans to grow at a slower pace than Google, which nearly doubled its staff in each of the three years since it went public in 2005. Despite the hiring plans, Zuckerberg said he's trying to contain costs, which is why his staff is housed in an old Palo Alto, Calif., building with cement floors. He said a building "can be a sign that you've made it" and he wants the building to feel like "a very large garage." Facebook has 250 million users and has received $600 million in investments. Revenue comes from ads, including J.C. Penney and Nike, and an online payment system for gifts. COO Sheryl Sandberg expects 70 percent revenue growth this year compared to 2008, and board member Marc Andreessen says the total should be at least $500 million. Zuckerberg told Bloomberg that his goal is one billion users. He also said he expects social networks to become essential, like Web browsers. Earlier this month, Facebook agreed to buy FriendFeed to gain engineering talent. By contrast, rival social-networking site MySpace has been cutting jobs and is becoming more of an entertainment site.   Advertisement  Digital Life 1.   FAA Glitch Causes Air Travel Delays 2.   Call of Duty Is Setting Records 3.   Palm Pixi Is Stylish But Sluggish 4.   Watchmakers Turn to the iPhone 5.   TV on the Go Is a Little Lacking

Product Information and Resources for Technology You Can Use To Boost Your Business CRM Systems   Experience CRM—and Business—Success today with Salesforce.com. Contact Centers   Run Your Entire Contact Center in the Cloud with LiveOps Enterprise Hardware   Go Green with IBM Blade Center    Enterprise I.T.    Rackspace: It makes a difference when you focus on support.   Go Green with IBM Blade Center   APC introduces server room in a box solutions!   Tell us what you think. Take a survey.   Find out how much you can save with the SQL Server value tool.   See how AT&T can help protect your network. Enterprise Software   Read the Top 10 Reasons to Upgrade to Windows Server 2008 R2. Microsoft/Windows   Rackspace: It makes a difference when you focus on support   Read the Top 10 Reasons to Upgrade to Windows Server 2008 R2. Network Security   See how AT&T can help protect your network.

Network Security Spotlight

House Lawmakers Push Ban on Peer-to-Peer Software Stung by an embarrassing electronic leak revealing ethics investigations into dozens of lawmakers, Congress moved to prohibit federal employees from using the file-sharing software blamed for the disclosure.   GAO: Los Alamos Computer Security Has Weaknesses Security weaknesses uncovered in Los Alamos National Laboratory's computer network increase the risk of a classified-information breach, says the Government Accountability Office.   Computer Security Firm Fortinet Plans IPO This Week Fortinet plans to go public in an initial public offering, giving investors a chance to tap a network security provider with sales that are expected to grow. The IPO could be valued at $137.5 million or more.

Enterprise Hardware Spotlight

Flat Shipments Hurt Dell Despite Increased Earnings Dell's earnings are up and expectations are solid, but the company's stock still took a hit after analysts signaled the company isn't playing a key role in the PC market recovery.   New Pogoplug 'Personal Cloud' Does Social Networking Cloud Engines has released its newest version of the Pogoplug, a small "multimedia sharing device" that connects hard drives to the Internet and allows a user to access the files remotely.   Apple Tablet Rumored Delayed as Publisher Gears Up There have been so many rumors of an Apple tablet that it has taken on legendary status. But now the legend is being revised with reports of a delay and that a major publisher is getting ready.

Enterprise Technology Spotlight

Flat Shipments Hurt Dell Despite Increased Earnings Dell's earnings are up and expectations are solid, but the company's stock still took a hit after analysts signaled the company isn't playing a key role in the PC market recovery.   Smartphones: A Bigger Target for Security Threats Smartphones are increasingly prevalent and adept at handling more tasks, including trading stocks, paying bills, and buying stuff online. That makes them attractive to thieves and hackers.   FBI Says Hackers Targeting Law Firms, PR Companies Hackers are targeting law firms and public relations companies with a sophisticated e-mail scheme that breaks into their computer networks to steal sensitive data, often linked to large corporate clients.

Navigation NewsFactor Network Home/Top News | Enterprise I.T. | Hardware | Software | Communications | Network Security | Wireless Tech | Linux/Open Source Apple/Macintosh | Microsoft/Windows | World Wide Web | Data Storage | E-Commerce | Personal Tech | Tech Trends | Press Releases NewsFactor Network Enterprise I.T. Sites NewsFactor Technology News | Enterprise Security Today | CRM Daily NewsFactor Business and Innovation Sites Sci-Tech Today | NewsFactor Business Report NewsFactor Services FreeNewsFeed | Free Newsletters | Free Whitepapers | About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise Privacy Policy | Terms of Service © Copyright 2000-2009 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo.