Facebook Inc (FB)’s Headcount Grew 48% On A Yearly Basis Compared To Google Inc’s 12%
Facebook Inc (NASDAQ:FB) is hiring more workers at a faster rate than Google Inc (NASDAQ:GOOGL). Most of the employee-hiring at Facebook is in the research and development department. The company increased its workforce by 48% within the one year period to the end of the first quarter 2015. That compared to a 12% increase in headcount at Google last year. While Facebook has hired more new staff directly, the sharp spike in employee numbers can also be traced to its aggressive acquisitions.
Google has, in recent years, been criticized over its aggressive hiring, but the company reduced its headcount between its third quarter 2014 and fourth quarter 2014, mainly due to the sale of its Motorola Mobility asset to Lenovo.
Hiring to boosting R&D
Facebook Inc (NASDAQ:FB) is just beefing up everywhere in its hiring spree, CFO, Dave Wehner, disclosed at the earnings call. The company is mostly hiring in its research and development department, a step that should see the company retain its top spot as the world’s largest social network.
Facebook’s hiring spike over the last one year is both organic and inorganic. The company added more employees through its acquisitions of properties such as WhatsApp, LiveRail and Oculus. While the number of workers that joined Facebook through the startups was small, Facebook has been beefing up the teams in each operation to ensure that its goals for the acquisitions are met.
For example, when Facebook Inc (NASDAQ:FB) purchased Instagram for $1 billion back in 2012, the photo-sharing app had only 13 workers, but now about 200 people work there. At the same time Instagram has grown rapidly and currently boasts more than 300 million active users.
In every sense, Facebook Inc (NASDAQ:FB) has justification for its aggressive hiring because results can be seen from such efforts.
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