About This Source - Bloomberg QuickTake: Now
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Bloomberg Quicktake: Now published this video item, entitled “Tim Cook Says Most Apple Employees Won’t Return to Office Until June” – below is their description.
Apple Inc. Chief Executive Officer Tim Cook shared new details on the company’s plan to return to the office during a virtual town hall meeting with employees on Thursday.
Cook said it “seems likely” that the majority of teams won’t be back before June 2021. The Cupertino, California-based technology giant has historically had an office-centric culture, but the CEO implied that the company’s success this year during the pandemic lockdown could enable more flexibility to work remotely in the future.
Still, Cook has been adamant publicly about his desire for staff to ultimately return to the office.
“There’s no replacement for face-to-face collaboration, but we have also learned a great deal about how we can get our work done outside of the office without sacrificing productivity or results,” he told staff, according to people familiar with the comments. “All of these learnings are important. When we’re on the other side of this pandemic, we will preserve everything that is great about Apple while incorporating the best of our transformations this year.”
Cook added that because of the challenges of recent months, Apple will be giving employees in many regions an additional paid holiday scheduled for Jan 4. Other companies, including Alphabet Inc.’s Google, have also given staff an extra paid day off recently.
Apple’s employee donation program is having its strongest year ever, the CEO also noted. Since the initiative began, more than $591 million has been donated to charities and employees have volunteered more than 1.6 million hours. The company is making a $5 million donation to organizations helping those hurt by Covid-19, Cook said..
Several other Apple executives spoke during the town hall meeting, including the chiefs of retail, legal, environment, marketing, services, hardware engineering, software development, operations and machine learning.
Dan Riccio, senior vice president of hardware engineering, called remote work a “huge challenge” for device design that is usually done in lab settings. He said travel restrictions in March were particularly tough because that is when engineers typically travel to China to help kick off manufacturing of products launching in the fall.
Apple worked around this, with engineers controlling robots from home and using iPads with augmented-reality software to guide technicians in overseas factories, Riccio said. Staff also worked different hours to communicate better with staff already stationed in China. The “very best is yet to come,” Riccio added. The company is focused on developing augmented-reality and virtual-reality hardware products for debut in coming years, Bloomberg News has reported.
Johny Srouji, head of custom chip development, told staff about a cellular modem that went into development this year.
Chief Operating Officer Jeff Williams said Apple’s design team “discovered new ways of working” remotely, while operations executive Sabih Khan praised his team’s ability to produce products this year with minimal delays.
Eddy Cue discussed Apple’s services performance this year, Lisa Jackson discussed Apple’s climate pledge, Deirdre O’Brien talked up retail efforts in the midst of Covid-19, while John Giannandrea discussed AI efforts, including sharing that Apple moved up the release of its Apple Watch hand washing feature to this year.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Apple Inc
Apple Inc. is an American multinational technology company headquartered in Cupertino, California. It is considered one of the Big Tech technology companies, alongside Amazon, Google, Microsoft, and Facebook.
Well known products and services from the brand include the iPad tablet computer, AirPods wireless earbuds, iOS, iTunes, the Safari web browser, Apple Music, iCloud and Apple Pay.
Apple was founded by Steve Jobs, Steve Wozniak, and Ronald Wayne in April 1976. Apple went public in 1980. In August 2018, Apple became the first publicly traded U.S. company to be valued at over $1 trillion and just two years later in August 2020 became the first $2 trillion U.S. company.
The company employs 137,000 full-time employees and maintains 510 retail stores in 25 countries as of 2020.
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In This Story: China
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In This Story: COVID-19
Covid-19 is the official WHO name given to the novel coronavirus which broke out in late 2019 and began to spread in the early months of 2020.
Symptoms of coronavirus
The main symptoms of coronavirus are:
- a persistent new cough (non productive, dry)
- a high temperature (e.g. head feels warm to the touch)
- shortness of breath (if this is abnormal for the individual, or increased)
Latest News about Covid-19
Below are stories from around the globe related to the 2020 outbreak of novel Coronavirus – since the WHO gave the Covid-19 naming. Most recent items are posted nearest the top.
5 Recent Items: COVID-19
In This Story: Lockdown
During the 2020 Covid-19 epidemic, lockdown has come to mean the practice of attempting to control transmission of the virus by means of restricting people’s movement and activities on a broad scale, usually on a national or state-wide basis.
3 Recent Items: Lockdown
In This Story: Remote Work
4 Recent Items: Remote Work
In This Story: Tim Cook
Timothy Donald Cook is the chief executive officer of Apple Inc., and previously served as the company’s chief operating officer under its cofounder Steve Jobs.
Cook joined Apple in March 1998 and was made the chief executive on August 24, 2011, prior to Jobs’ death in October of that year.
Since 2011 when he took over Apple, to 2020, Cook doubled the company’s revenue and profit, and increased its market value from $348 billion to $1.9 trillion.
In 2014, Cook became the first chief executive of a Fortune 500 company to publicly come out as gay. Cook also serves on the boards of directors of Nike, Inc., the National Football Foundation, and is a trustee of Duke University. In March 2015, he said he planned to donate his entire stock fortune to charity.