Apple to lay off about people at Beats Bloomberg.
(Reuters) - Apple Inc intends to lay off about 200 people at Beats Electronics LLC following its 3 billion acquisition of the headphone and music streaming services company, Bloomberg cited a person with Knowledge of the restructuring as saying.
The job cuts will mainy hit human resources, finance and other departments with significant overlap between the two, the new agency reported.
Apple's largest acquisition in decades, announced in May, lands the iPhone maker a fast-growing music subscription business, executives like Jimmy lovine with strong ties to the recording industry, and a line of premium headphones.