Apple to lay off about 200 people at Beats: Bloomberg

Published Thu, Jul 31 2014 7:29 AM EDTUpdated Thu, Jul 31 2014 8:13 AM EDT

Reuters

Beats headphones

Getty Images

Apple intends to lay off about 200 people at Beats Electronics following its $3 billion acquisition of the headphone and music streaming services company, according to Bloomberg, citing a person with knowledge of the restructuring.

The job cuts will mainly hit human resources, finance and other departments with significant overlap between the companies, the news agency reported.

1
Former Facebook and Nike diversity manager gets 5 years in prison for $5 million fraud
2
Affluent consumers are creating a ‘bubble’ at Walmart, warns retailer’s former U.S. CEO Bill Simon
3
World's top golfer Scottie Scheffler arrested on charges of assaulting officer at PGA event
4
The salary you need to be considered middle class in every U.S. state
5
31-year-old joined the Air Force at 18—now he has $500,000 saved up to retire in 7 years

View the full site