Apple closed its $3 billion acquisition of BEATS MUSIC, the mass layoffs began. �An inside source reports that�APPLE has eliminated about 200 of BEATS’ 700 full-time positions due to an overlapping of positions with APPLE. �Among those employees “that survived the cut” �is Beats Music CEO, Ian Rogers, who was just named as head of iTunes Radio.
Apple made headlines in back in May when the company’s $3 Billion dollar offer was made to Rap mogul Dr. Dre and his business partner Jimmy Iovine for Beats Electronics which is popularly known for Dre’s signature “BEATS Headphones”. �Dre & Iovine reportedly
received�$2.6 billion in cash, $400 million in Apple stock, and secured jobs with the company. �CNET reports that�BEATS MUSIC will remain a separate division from iTUNES RADIO.�