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Apple to lay off 40 percent of Beats staff following $3bn acquisition

200 employees facing the chop
Thu Jul 31 2014, 15:09
Apple acquires Beats Electronics

APPLE REPORTEDLY plans to lay off around 40 percent of Beats Electronics staff, or 200 employees, following its $3bn acquisition of the firm.

News of the impending job cuts comes via 9to5Mac, which has heard from sources close to the matter that Apple plans to let go around 200 Beats employees after the high-profile buyout is complete.

Apple executives reportedly visited Beats' headquarters on multiple occasions this week to discuss the plans, at the same time handing out notices to workers deemed surplus to requirements.

"Last week everyone was given an offer from Apple. Some were transitional offers with a set end date," one of the website's sources said.

A separate report at Bloomberg seems to confirm the staff cull, and claims that the job cuts likely will take place across human resources, finance and "other departments that overlap with existing roles at Apple".

Apple's Beats acquisition is set to close on 1 August, after it got approval from European regulators this week. It's likely that Apple will formally announce the job cuts once the deal is done.

This isn't the only bad news Beats has had recently. Earlier this week it was revealed that Bose plans to sue Dr Dre's headphones outfit over patents related to noise-cancellation technology. Bose is claiming that Beats "infringes 50 years of research and development of noise cancellation technology" and has mentioned five specific patents in its complaint.

Neither Apple nor Beats have commented on the speculation yet. µ

 

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