It’s really sad to hear the bad news about PW (Parallel Wireless). 
And it’s very disappointing for all the Telecom & IT industry as a whole.
In a moment everyone is excited about 5G/Open RAN, see news like that is a bit “disheartening”.
But it is also a moment we can do something, as Telecom & IT professionals.
• First ( immediately) put efforts into supporting the people (employees who lost their jobs).
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I myself wrote an article long time ago that can help too - How to Get a Job along with all the support in Telecom Forum to help people continuously grow and be prepared for all the new jobs.
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Also, I can see some friends doing this (like Sanjay Kumar https://www.linkedin.com/posts/sanjaykumar-5g_parallelwireless-pw-openran-activity-6948125077951381504-_ztj/)
And next, we must learn with the lessons.
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What was the issue here?
- Future forecast, Investor’s money, Company Vision and Management, World scenarios like Covid and War etc.
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Will this affect Open RAN in the market?
- How will be the future acceptability and adaptability of Open RAN?
Is it a hype or a reality in near future?
- How will be the future acceptability and adaptability of Open RAN?
And finally, we must be prepared for this.
• This will happen again!
This is not new, it has happened to almost every (big, medium, small) company, like a “cycle” with Huawei, Nokia, Ericsson etc.
So, the only thing we can do for now is to stand together and help each other, so all employees who lost their jobs can quickly find new positions. 