Facebook downsizes SMB sales in Europe, reportedly cuts 30 jobs in Germany

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BERLIN, GERMANY - FEBRUARY 24:  Coffee mugs adorned with the Facebook logo stand at the Facebook Innovation Hub on February 24, 2016 in Berlin, Germany. The Facebook Innovation Hub is a temporary exhibition space where the company is showcasing some of its newest technologies and projects.  (Photo by Sean Gallup/Getty Images) As Facebook’s advertising business continues to grow globally, the social network is also streamlining operations in certain markets. TechCrunch has learned that Facebook is consolidating sales operations in Europe focused on small and medium businesses. In the process it is laying off around 30 people including employees in Hamburg, according to a source among those cut. 30 is a… Read More