Facebook COO Sheryl Sandberg confirmed the hiring plan in an interview on Thursday. The company plans to hire 10,000 additional employees by the end of 2020. The social media giant has a headcount of 44,942. The new hiring plan suggests a 22% increase in the headcount. Facebook is planning to roll out several new features on the platform, the company will need more people to handle the development.
In an interview on CNBC, when Sandberg was asked whether Facebook would pledge to make no layoffs, she said, “Our hiring is keeping at a very, very aggressive clip. We also have the responsibility to do that, to keep our own employees, but hopefully hire more because we need them.”
The company plans to enable small businesses to sell gift cards to customers through the platform. The initiative will help users to pay now, give the cash to businesses, and use the services later. The initiative will help small businesses stay afloat during the pandemic. Facebook can be used as a platform to raise funds for small businesses. The company plans to distribute $100 million in cash grants and ad credits to companies with 2 to 50 employees that are affected by the crisis.
In a Facebook post on April 2nd, Sandberg wrote, “The COVID-19 pandemic has hit small businesses everywhere. Suddenly and through no fault of their own, many simply can’t do business, and for others, it has become much harder because customers are doing the right thing and staying at home.”
Facebook is also focused on the dedicating more staff to monitor the content that is posted on the platform. There is an increase in the posts for signs of mental health issues including self-harm or suicide during the pandemic.