Wednesday, July 30, 2014

Hundreds of Beats workers loose jobs as Apple finalises Beats Purchase deal

Apple has purchased beats. Beats is owned by rapper Dr Dre. Apple bought Beats for 3billion dollars. Apple is set to merge beats to their company. Beats is a headset and other accessories producing company with hundred of workers under them. Well theyv lost their job. Read more below.
apple beats
Apple Beats

Apple is finalizing its acquisition of
Beats Electronics ahead of the
August 1st closing date, and while
most of Beats’ top talent will be
migrating to the mothership, about
40% of Beats’ global workforce will
be cut during the transition.

Around 200 jobs at Beats Electronics
will be cut as part of the merger,
according to the NY Post, which
reports offers were sent to from
Apple to employees last week, some
of which are just transitional offers
with a set end date.

The $3 billion acquisition of Beats is
expected to be completed by the end
of this financial quarter. Beats co-
founders Jimmy Iovine and Andre
Young have already moved under the
Apple umbrella, and other key Beats
figures like creative boss Trent
Reznor and music chiefs Luke Wood
and Ian Rogers will also move to
Apple’s Cupertino headquarters.
Apple executives visited Beats’
campus last week, as first reported
by 9to5Mac , and have been going
through the process of removing
redundant employees, mostly in
support, finance or HR positions.

Most employees will relocate to
Apple HQ in Cupertino, but Beats’
Culver City warehouse offices -
which is where “Gone with the Wind”
was filmed – will likely remain open,
putting the company close to other
companies like Nike, Maker Studios
and PopSugar.

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