A couple of months ago and after many rumors, Apple had confirmed that they will be acquiring Beats in the tune of $3 billion. The deal has yet to be finalized pending approval by regulatory bodies and while the deal does sound interesting for consumers and could usher in a new era at Apple, not everyone will be reaping the rewards of the deal.
According to a report by The New York Post, they claim that they have heard that Apple is planning to cut about 200 jobs at Beats Electronics once the deal has closed. The deal is expected to close on the 1st of August and the cutting of 200 jobs would essentially be about 40% of the company’s global workforce.
One of their sources was quoted as saying, “Last week everyone was given an offer from Apple. Some were transitional offers with a set end date.” It is unclear as to how accurate their source’s information is, although the claims are backed up by Bloomberg who heard from sources of their own.
Cutting jobs after an acquisition is nothing new. After all additional employees do count towards additional expenses. However we guess this still pales in comparison to Microsoft who had announced 18,000 job cuts by next year, most of whom are Nokia employees who were part of the cellphone division that Microsoft had officially acquired earlier this year.
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