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Telecom company Parallel Wireless lays off 500 employees, including in India

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Telecom equipment supplier Parallel wireless has laid off at least 500 employees in IndiaIsrael, UK and US.



Parallel Wireless is one of the leading providers in the open Radio Access Network (RAN) industry, most recently having at least 860 employees worldwide.

Indian Technology Consultant RIU Global Services posted on LinkedIn Parallel Wireless announced the layoff of 500 employees.

“While this is disappointing news for these 500, others who are still sitting quietly need to realize that they could be next. In times like these, no one’s job is safe in the truest sense of the word,” said RIU Global Services.

“We at RIU Global would like to offer our support, whether in investment, resources, platform or infrastructure, to such a person who wants to start something for themselves in this space,” the company writes.

Steve Papa, CEO and founder of Parallel Wireless in the US, told the media that “we are making adjustments to the right size given the realities of global economic conditions.”

“Covid supply chain is limiting the world and the pace of OpenRAN adoption,” he said in his statement.

The layoffs have affected workers at all levels of the company.

Eugina Jordan, former executive VP of marketing, said that “My heart goes out to all my colleagues around the world who have been affected by a mass layoff at Parallel Wireless, including yes, myself. I was also one of those affected.”

“Our amazing team has changed the industry for the better and has helped many global customers reshape their networks,” Jordan added.

Israel-based technology systems architect Benny Assouline wrote, “I am looking for a new role and would appreciate your support. Thanks in advance for any connections, advice or opportunities you can provide.”

Many of those affected have joined a Parallel Wireless alumni group on the platform.

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