Open RAN vendor Parallel Wireless has laid off a significant number of employees, the company’s CEO told Light Reading.
“We are making adjustments to right size given the realities of global economic conditions, Covid supply chain constrained world, and the pace of adoption of open RAN,” Steve Papa, the company’s chief executive, said on Wednesday.
As part of today’s Parallel Wireless mass layoff, Parallel Wireless Canada was closed and all employees were let go.
After putting so much effort to accelerate the company’s growth and being off to a great start, it is unfortunate to be facing such an outcome.
Even I faced this pathetic unemployment condition two months back. What company strategy is that, company usually thinks complete the project /assignments as much as much u can by making false commitments in order to complete the assignements and the moment company thinks the work is about to complete, it laid off manpower citing baseless reasons. Nowadays not a single penny company wants to spend on the employee if company didn’t earn a profit from u