In Social networking major Facebook, which is reported to go public soon, said that it plans to hire thousands of employees over the next year to keep up with rapid growth in the social space.
In a Reuters.com news article, Facebook COO Sheryl Sandberg is quoted as saying that the company is growing very quickly and has been through the economy. The company is betting on continuing growth in the social networking arena.
Facebook does not publicly release its earnings. But in its report, Reuters said that a source with knowledge of its results told the news agency in September that Facebook posted nearly $500 million in net income in the first half of the year and that revenue doubled from a year earlier to $1.6 billion.
Sandberg visited New York City on Friday to announce that her firm would start hiring engineers in the city, where it has a small Madison Avenue office with about 100 employees, according to the Reuters report.
Most of Facebook's 3,000-odd staff work out of its Palo Alto, California headquarters and a campus in Seattle.
She did not say how many engineers Facebook would employ in New York or disclose exactly how many workers the firm will add in the coming year. It is expected to sell shares to the public in 2012.
"We are trying to grow at a clip that will allow us to get the very best people and integrate them," she said at a press conference. "We will be adding thousands of employees in the next year," Reuters quotes her as saying.
Facebook has millions of users in India. However, it was not clear from the report if the company has overseas offices in its sight as far as the new hiring plans are concerned.
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