Apple will be cutting approximately 40% of Beats’ global workforce as it closes its $3 billion acquisition of the music streaming and hardware company, according to sources.

Reports suggest that 200 jobs at Beats Electronics will be cut ahead of the August 1 purchase; it’s unknown whether employees at streaming service Beats Music will also be affected.

A source close to the situation said: “Last week everyone was given an offer from Apple. Some were transitional offers with a ...