200 Employees from Beats Team to lose their jobs as Apple trims down the company
As a result of the pending acquisition of the Beats firm, Apple is set to phase out up-to 200 positions at Beats to avoid overlapping functions. According to Apple’s spokesman Tom Neumary, Apple was going to try it’s best to find permanent positions for as much employees from Beats as they can. Some employees have received permanent job offers to join Apple, while others have received only temporary ones.
It’s believed that most of the employees who are going to lose out on jobs are from the human resources, finance and other sections where there is reported overlap between Apple and Beats staff. Some Beats employees are set to move to Apple’s Cupertino HQ while others remain at Beats’ current facility in Los Angeles.
Meanwhile, Apple’s deal to acquire Beats together with its headphone and streaming music businesses in a $3 billion pay-off has been approved by European regulators. It’s now up-to US regulators to sign off on the deal so that it can be finalized. The deal is expected to be done within this quarter according to Apple’s announcement. This was first reported at 9to5mac yesterday.