Parallel Wireless, one of the vendors in the open Radio Access Network (RAN) industry, has terminated job of at least 500 employees in Israel, India, the UK and the US.
Parallel Wireless has around 860 employees across the world.
Steve Papa, CEO and founder of Parallel Wireless, told the media that “we are making adjustments to prudently right-size given the realities of global economic conditions.”
“Covid supply chain constrained world, and the pace of adoption of OpenRAN.”
The job cut has hit employees at all levels of the company.
Eugina Jordan, former executive VP of marketing, said that “my heart goes out to all my colleagues across the globe that have been impacted by a mass layoff at Parallel Wireless, including yes, myself. I was one of the affected as well.”
