Apple to shed workers at Beats Electronics after acquisition

Apple plans to shed workers at Beats after the acquisition is final according to source.

@ShaneMcGlaun
Published Thu, Jul 31 2014 6:00 AM CDT   |   Updated Tue, Nov 3 2020 12:15 PM CST

Apple has announced that it plans to shed about 200 workers from Beats Electronics after it takes over. Apple gobbled up Beats in a deal worth about $3 billion this year. A person familiar with the restructuring plans says that Beats workers in human resources, finance, and other roles with overlap between Beats and Apple will be let go.

Apple to shed workers at Beats Electronics after acquisition | TweakTown.com

The source claiming to know Apple's plans didn't want to be identified since the plans aren't public at this time. Beats was the largest purchase in Apple history and gains Apple a line of high-end headphones and a streaming music service.

No official comment has been made by Apple or Beats at this time on the layoffs. The Beats headphones often sell for hundreds of dollars per set making them high-end and a good fit with Apple's high-end product mix.

NEWS SOURCE:businessweek.com

Shane is a long time technology writer who has been writing full time for over a decade. Shane will cover all sorts of news for TweakTown including tech and other topics. When not writing about all things geeky, he can be found at the track teaching noobs how to race cars.

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