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Ericsson To Lay Off CDMA Infrastructure Staff
Despite some recent great global financial results, Ericsson (the wireless infrastructure company) is set to pass out over 250 pink slips, and to phase out their San Diego CDMA operation. These functions will be moved elsewhere in the Ericsson family. While Ericsson is doing well in developing markets, and specifically with its GSM kit, the company said, "its North American operation was dragged down 24 percent due to reduced capital spending." I'm not sure that rings true. The CDMA carriers: VZW, SPCS, Alltel, USCC are growing their subscriber bases at a rapid rate, while at least three of the carriers are upgrading to EV-DO at this juncture. So what is really happening is that the CDMA carriers are reducing their capital spending on Ericsson infrastructure.
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I have a very close friend, who graduated from Harvard. Worked for ML for over 8 years, recently he’s been “right sized” too, despite of his outstanding performance and the increasing revenue he generated. OMG, now the banking industry is badly hurt, how long it would take for those financial background guys like him get back to the job market. Banking jobs are not there as much as before as easily seen on http://www.joboutlets.com and other job sites in the region
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