Meta plans to hire 2,500 workers in Canada, and in doing so, the company is investing in one of the top tech hubs in the world behind Miami and Austin, Texas. The company plans to use the country's tech talent elsewhere from the United States with its eyes set on Toronto.
Meta Plans to Hire 2,500 Workers in Toronto
According to the story by Global News, Meta's plan is to hire 2,500 workers in Toronto to place "down roots" in the city. The decision was met with a lot of "fanfare from politicians," affirming their decision in a positive light.
During a press conference by Doug Ford, the Ontario Premier, the announcement said this would be a beneficial move for Canadian homegrown tech talent. Based on Meta's announcement, Canada's tech talent would no longer need to look somewhere else for them to pursue careers.
How Meta's Decision Could Affect Local Canadian Companies
Vic Fedeli, the economic development minister of Ford, gave a statement saying Meta's decision will help when it comes to strengthening the innovation sector of the province. The move, however, won't be beneficial for other Canadian companies that are competing for tech workers.
The Global News notes that Meta offering high-paying jobs could prevent companies from scaling their firms. Examples of companies that will be affected by this move include Willful, a Toronto-founded 15-person startup producing software to help streamline estate law.
Local Business Gets Workers Poached by Tech Giants
Erin Bury, the CEO of Willful, shared how hiring and retaining talent within Canada is already difficult due to the competitive market. Willful was able to secure early venture capital funding from the popular CBC show Dragons' Den.
Bury stated that she already experienced having staff poached by larger tech giants looking to hire talent in Canada. She told Global News that her team is constantly being approached by recruiters of the big tech firms every single day.
Other Large Tech Companies Plan to Expand in Canada
Meta has already set up a modest shop in Toronto, Montreal, and other Canadian markets with its eye on the country's talent pool for quite a while now. To add, Meta isn't the only company with aspirations in Canada, with Microsoft, Twitter, Google, Reddit, Pinterest, and Netflix all announcing that they plan to hire Canadians mostly for engineering roles.
Canada is growing as a hotbed for hiring engineering talent and is considered one of the "top-three tech hubs in North America." With that, the country only lags behind Miami and Austin, Texas.
One story cited in the report made by the New York Times included a piece from 2021 that tracks tech talent coming from the commercial real estate firm CBRE.
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This article is owned by Tech Times
Written by Urian B.
