Analysts remain optimistic that job shortages do not suggest major problems created below the surface
Open RAN vendor Parallel Wireless reported massive cuts earlier this week, citing economic conditions and the expected-slower pace of Open RAN adoption. Although the agency did not release a figure, Indian technology consultant RIU Global Services estimates that 500 people in India, Israel, the United Kingdom and the United States have been affected by the cuts. If true, the number represents only 50% of its workforce, according to previously estimated workforce numbers, e.g. Reported by Craft.co.
Eugene Jordan, former executive VP of marketing, at LinkedIn Post To share That he was one of those cuts. “My heart goes out to all my colleagues around the world who have been affected by a mass layoff on parallel wireless, yes, me too. I was one of the victims, too,” he wrote. “Our amazing team has changed the industry for the better and helped many global customers re-imagine their networks. I personally can’t be proud to be a part of that industry’s disruption and innovation. “
Parallel Wireless – which was founded in 2012 – seems to be evolving by all accounts – this development was a bit of a shock to the industry. The company was an early supporter of the Open RAN standard and has worked with several career and other industry players such as Inatel, Türk Telekom and Juniper Networks.
But Steve Papa, CEO of Parallel Wireless, said Fierce radio A statement said that despite industry-wide excitement surrounding Open RAN, adoption has remained slow. “We are adjusting in the right shape in terms of the reality of the global economic situation, the limited supply chain limited world and the pace of open RAN adoption,” he said.
However, analysts remain optimistic that job cuts are not going to create major problems beneath the surface, the industry’s pressure to open RANs and the reality that economic problems are being felt everywhere, by everyone. In particular, AvidThink founder and principal Roy Chua said Mobile World Live He believes that the cuts are the result of “recessionary pressures” and “independent of free RAN”.
