Apple CEO Tim Cook won't rule out job cuts in company-wide meeting

Apple employees might have to brace for job cuts, according to a company-wide meeting run by otherwise optimistic CEO Tim Cook on Thursday.

Bloomberg reports the virtual meeting was called to discuss Apple's plan for weathering the coronavirus pandemic, which saw the company close almost all its stores worldwide. Cook conceded it was inevitable that Apple would be impacted, but remained confident it would bounce back.

"If we stay focused on doing what we do best, if we keep investing, if we manage the business wisely and make decisions collaboratively, if we take care of our teams, if our teams take care of their work, I don’t see any reason to be anything but optimistic," Cook told his employees. Read more...