Beats Music CEO Ian Rogers To Run iTunes Radio
August 4, 2014 at 4:03 AM (PT)
It's official -- APPLE closed its $3 billion purchase of BEATS ELECTRONICS on FRIDAY, AUGUST 1st. The company immediately named BEATS MUSIC CEO IAN ROGERS as head of iTUNES RADIO.
CNET reports, "APPLE also has eliminated about 200 of BEATS' 700 full-time positions, a person familiar with the matter said. The cuts largely come from human resources, finance and other positions that overlap with current APPLE workers, the person said. The people in eliminated positions have time to find other jobs within APPLE, and some been given support for up to a year to find other jobs."
The report notes BEATS MUSIC will remain a separate division from iTUNES RADIO.
In a statement, APPLE said FRIDAY that the company is excited to have the BEATS team join and that it has extended job offers to every BEATS employee. "Because of some overlap in our operations, some offers are for a limited period and we'll work hard during this time to find as many of these BEATS employees as we can another permanent job within APPLE," the company said.