Done Deal: Apple Buys Beats For $3B, Fires 200 People

By  August 1, 2014

(Adam Fagen)

And then two become one. Apple completed its $3 billion acquisition of Beats Music and Beats ElectronicsFriday. But about 200 Beats employees are missing out on the celebration, you know, since their jobs are no longer viable.

According to a report from the 9To5Mac blog, Apple will be eliminating approximately 200 jobs at Beats – but that’s apparently just a small portion of the 700 jobs being cut in total.

An official with the company tells the blog that because of an “overlap in operations, some offers are for a limited period and we’ll work hard during this time to find as many of these Beats employees as we can another permanent job within Apple.”

Although Apple didn’t confirm the exact number of positions on the chopping block, an insider tells 9To5 that several Beats employees in support, finance and human resources have already been dismissed, offered new jobs at Apple HQ in Cupertino, CA, or given temporary positions until January 2015.

As far as Beats’ executives’ job-status goes, co-founders Jimmy Iovine and Dr. Dre have already committed to transitioning to Apple, while others haven’t made definitive decisions, although reports point to many staying on board.

Apple first announced it would purchase Beats in May, marking the largest acquisition for the company to date. The deal not only includes Beats’ iconic headphones – which are currently party to an infringement lawsuit by Bose – but also the company’s streaming music service.

Heads rolling at Beats as Apple eliminating redundant positions, Ian Rogers & Trent Reznor to stay on[9TO5Mac]


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s