BackApple said to cut about 200 jobs at Beats following acquisition
The jobs to be cut are in human resources, finance and other roles where there's overlap between the two firms
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San Francisco: Apple Inc. will fire about 200 workers at Beats Electronics Llc following its $3 billion acquisition of the headphone and music company, a person with knowledge of the restructuring said.
The jobs to be cut are in human resources, finance and other roles where there’s overlap between the two companies, said the person, who asked not to be identified because the details haven’t been made public.
Staff reductions are often part of large mergers and chief executive officer Tim Cook is showing that Cupertino, California-based Apple will behave no differently as its steps up the pace and size of acquisitions. The purchase of Beats was the biggest in Apple’s history, giving the iPhone maker a music streaming service as well as the Beats headphones line.
Apple had 41,300 employees as of the end of June. The website 9to5Mac reported the jobs cuts earlier.
Sarah Joyce, a spokeswoman for Santa Monica, California- based Beats, didn’t return a call seeking comment. Tom Neumayr, a spokesman for Apple, didn’t immediately return a call seeking comment. Bloomberg
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