Report: Facebook to Beef Up Staff by 50 Percent

Posted 08/24/2009 at 10:15am | by Paul Lilly

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Forget about all this talk of losses and job cuts, the economy is apparently doing just fine for Facebook, the social networking site which boasts the most users. It's doing so well that mark Zuckerberg told Bloomberg news agency in an interview that the company plans to increase its staff by as much as 50 percent before the end of the year.

As it currently stands, Facebook claims 900 employees, so by our math, the planned hiring would put the worker count up to 1,350 strong. And why not when your list of investors includes venture capitalist Peter Thiel, Accel Partners, Microsoft, and Russian Internet firm Digital Sky Technologies.

But not all social networking sites are looking to expand. MySpace in June announced plans to reduce its U.S.-based workforce by 30 percent and two-thirds of its international employees.