Apple to Cull 200 Positions After Beats Acquisition Completes
It looks like Apple's first order-of-business following its $3 billion Beats acquisition will be to tell about 200 people to, ahem, beat it. Apple's no doubt been very hard at work since it made its announcement of its desire to purchase Beats public, and it's no surprise: This isn't exactly a small acquisition.
At quick glance, it might look like bad form for Apple to get rid of 200 people from a company it's just acquired, but the sad fact of the matter is, there will be far too much positional overlapping. For example, those to be culled include human resources, finance, and support - all areas that Apple has easily covered.
Things are not all that bad, however. Apple has promised to take good care of affected workers, including setting up a hotline they can call to discuss severance packages, or transitional plans. If Apple can still make use of some employees from Beats, it'll work on putting them in new roles within the company.
As for Beats' execs, it appears that Jimmy Iovine, Dr Dre, Trent Reznor, and Ian Rogers all plan to stay after the acquisition completes.