Apple’s Beats Acquisition Leads To A Loss In Jobs

Apple’s acquisition with Beats Electronics has officially been made final. Back in May Dr. Dre and Jimmy Iovine confirmed their $3 billion deal with the major company, which was expected to lead to executive roles at Apple.

After their deal was approved by the European Union Apple, the company posted a statement to express its enthusiasm in the partnership.

“Today we are excited to officially welcome Beats Music and Beats Electronics to the Apple family. Music has always held a special place in our hearts, and we’re thrilled to join forces with a group of people who love it as much as we do.”

Apple’s excitement in working with the Beats team did not transpire into positions for Beats Electronic employees as initially expected. Yesterday Apple disputed reports that it had laid off a significant number of employees but as it turns out that wasn’t entirely true. Those employed in the human resources, legal and financial departments have been given a set end date.

Beats is also excited about the new merge. It wrote, "we... are fortunate to add our instrument to this legacy by joining Apple. The products we build together will allow us to re-imagine sound once again," in reference to Apple’s iPod, iPhone and iPad products.

Customer services for the company will from now on be handled through the Apple Online Store.

[Billboard]