Top
News

Apple to Layoff 200 Beats Employees

Dr. Dre received a major raise when he sold his Beats by Dre headphones to Apple for $3 billion. But it appears he’s the only one getting a big paycheck, because the company could be laying off hundreds of employees.

According to the New York Post, Apple is cutting about 200 jobs from Beats Electronica as it prepares for the final stages of its sell.

Last week, staffers were given full-time offers or transitional offers. The latter included end dates.

All of the discharges supposedly represent about 40 percent of Beat’s workforce and sources say the purpose of the downsize is to help give the business a fresh start to match the new ownership.

Read the full story here.