Apple to Cut Beats Staff by 200 Following $3 Billion Acquisition

Apple to Cut Beats Staff by 200 Following $3 Billion Acquisition

The tech giant's acquisition of the headphone manufacturer will see the elimination of 30 percent of its staff

Apple will cut 30 percent of Beats Music staff over the next year, eliminating redundant positions, an individual with knowledge of the company's plans told TheWrap.

None of those employees will lose their jobs right away, but most will be gone within 12 months. Every current Beats employee will go through orientation and start work at Apple. Some offers are transitional in nature and will have set end dates, and Apple will let those employees go over the next few months.

Also read: Apple Acquiring Dr. Dre's Beats Electronics for $3 Billion

Apple acquired Beats for $3 billion in May, and its employees have been in Los Angeles the past couple of weeks meeting with the Beats team. Most of the people losing their jobs hold positions similar to people already on staff at Apple. Apple does not need much staff from human resources or accounts, among other areas. The hardware side of the business will be unaffected.

Also read: Apple Plans to Buy Radio-Podcasting App Swell for $30 Million

“We're excited to have the Beats team join Apple, and we have extended job offers to every Beats employee,” an Apple spokesperson said in a statement. “Because of some overlap in our operations, some offers are for a limited period and we'll work hard during this time to find as many of these Beats employees as we can another permanent job within Apple.”

Lucas Shaw contributed to this report.