Apple is set to reopen retail stores in the first half of April. It was closed after the international shutdown followed by the Coronavirus pandemic. The iPhone maker will allow employees to work remotely until at least April 5, according to the report. The memo was quoted by Apple's senior vice president and retail vice-president, Deidre O'Brien, as saying that the company was not a good deal.
O'Brien wrote in a Bloomberg memo on March 23- "In all our offices outside of Greater China, we are extending flexible work arrangements for all team members -- outside of those whose work requires them to be onsite -- through at least April 5, which will then be reevaluated weekly depending on your location,"
The change comes just days after Apple began closing stores outside China as the corona virus spread. At the same time, Apple and other tech companies began telling employees to work from home, before California officials began a statewide lockdown.
At the same time, the worldwide economy is turning away from rapid layoffs. Social alienation practices and lockdowns, are shutting down many businesses. Spooked Wall Street investors sold shares at rates not seen in decades. Preliminary reports indicate unemployment rates have risen across the US.
Apple warned investors in February that quarterly sales forecasts are expected to slow. Also, the supply of devices like the iPhone will be tightened. Since then, the company has restricted its sales to only two of its site, the iPhone and iPad. But over the weekend it appeared to be moving those restrictions.