Apple, which is acquiring headphone and streaming-music service Beats, is laying off about 200 of the company's staffers, representing 29% of its 700 employees, according to multiple reports.

In a statement, an Apple rep said that "we have extended job offers to every Beats employee," but that "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."

Apple in May announced that it would acquire Beats, founded by Jimmy Iovine and Dr. Dre, for up to $3 billion. Under the pact, the largest acquisition in Apple's history, Iovine and Dr. Dre have signed employment contracts with Apple after the transaction is completed.

The job cuts were reported Wednesday by 9to5Mac, followed by outlets including Bloomberg and the New York Post.

Beats' finance, human-resources and customer-support departments have already "been largely dismantled, with some workers being laid off in the past few weeks," according to the 9to5mac report.

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