Facebook told around 40 people late last week that they had 45 days to look for new roles within the company or else there would not be jobs left for them.

Those staffers were part of the account-management and sales teams within the company's "publisher ad-tech group."

That recently formed division works across several products, including the Facebook Audience Network that lets brands extend their Facebook ad campaigns on sites and apps other than Facebook, the LiveRail video supply-side platform, and Instant Articles.

The layoffs hit the LiveRail side of the division.

Mark Trefgarne, the former CEO of LiveRail, which Facebook bought for a reported $400 million to $500 million in July 2014, left the company on Friday. 

Facebook — which crushed all analyst expectations for its Q1 earnings on Wednesday — is letting staff go

Source:Business insider