Facebook expands in Texas

Meta Platforms, the parent company of , is expanding in Texas, with the company renting half of what will be Austin’s tallest skyscraper, making the social media giant the latest major business to be expanded in the state, Bloomberg reported. .
The Austin Business Journal reported this weekend that the company’s 589,000 square feet of 33-storey space will make up the entire commercial half of the 66-story tower under construction in the heart of downtown Austin.

“We are committed to Austin and look forward to growing here together,” Kathryn Chapley, president of Meta Austin and vice president of commercial client success, said in a statement to the Business Journal.

The Business Journal reported that Meta, which already has 2,000 employees in the Austin area, is seeking to hire another 400 people there, and will have the capacity, along with other space in the area, to accommodate a larger number. The tower, known as Sixth and Guadalupe, is scheduled to open in 2023.

Texas has been in economic shambles as companies seek to expand into lower-cost areas, amid a broader shift to remote work that has accelerated during the global pandemic.

Samsung Electronics announced the establishment of a massive new chip factory in Taylor, Texas, in the northeastern suburbs of Austin, in November.

A month ago, Elon Musk’s Tesla Corporation said it would move its headquarters to Austin from Palo Alto, California. Oracle Corp. moved its head office from Silicon Valley to Austin in 2020.

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