Apple expected to give pink slips to 200 at Beats
Once Apple closes on its acquisition of Beats, it plans on laying off 200 workers at the company. According to a source familiar with Apple's intentions, the job cuts will take place in areas where there will be overlap between the two firms. That would appear to include human resources, and finance. The $3 billion purchase is the largest in the history of Apple.
As part of the transaction, Apple acquired Beats Music, a service that streams tunes, and also picked up Beats' line of high-end headphones. Neither Apple nor Beats would comment on the story. The layoffs would represent 40% of Beats global workforce.
Some Beats employees in the creative and development area will be offered jobs with Apple in Cupertino. The latter plans on keeping Beats' offices in Santa Monica, while Beats Music will continue to be based in Southern California. The deal is expected to close on August 1st.
Some Beats employees in the creative and development area will be offered jobs with Apple in Cupertino. The latter plans on keeping Beats' offices in Santa Monica, while Beats Music will continue to be based in Southern California. The deal is expected to close on August 1st.
source: 9tio5Mac via Bloomberg
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