Today I read an article that Apple was trimming 200 employees from the Beats team to streamline overlapping functions. Job cuts will be in human resources, finance, and other areas where there is overlap with current Apple employees. That made me think about the Zimmer/Biomet acquisition that is taking place in our industry as well as the amount of times I have read articles of Zimmer’s commitment that all employees, on both sides, will be safe.
I thought it was necessary to again throw up the caution flag to anyone that is currently working at Zimmer, but even more so if you work at Biomet. Apple is widely considered the most advanced technology company in the world. They have more money than the government and if they are going to layoff 200 people because of redundancies created from a much smaller acquisition than Zimmer/Biomet, you can be assured Zimmer will take similar action. Here is the interesting spin from Apple:
Apple spokesman Tom Neumayr’s explanation: “We’re excited to have the Beats team join Apple, and we have 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.”
It seems like just a few weeks ago Apple CEO, Tim Cook, was giving the corporate lines about how excited he is to have the Beats team join the Apple team to make a stronger entity. But now that the deal is closing tomorrow, we get word of 200 layoffs. Hmmmmm.