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ohboy 12/4/2012 | 10:09:52 PM
re: Laid Off, and Leaving Telecom co is:
PetaSwitch
pro zack 12/4/2012 | 10:09:52 PM
re: Laid Off, and Leaving Telecom It gets worse. Wait until they deny Unemployment benefits and you see the cost of COBRA.
___________________________________

Terminated employees are entitled to (18 mo ?)
COBRA - that's the law, you do have to pay COBRA at the group rate though. They should also get an exit interview and reason for termination which they can use for getting unemployement benefits.
let-there-be-light 12/4/2012 | 10:09:51 PM
re: Laid Off, and Leaving Telecom They are still advertising a number of openings.

Oh Boy!

I guess your advice is, "Don't go anywhere near that company!"
leer 12/4/2012 | 10:09:51 PM
re: Laid Off, and Leaving Telecom Noteworthy that so much of the telecom bust is blamed on the self-indulgence of VCGs and serial entrapreauners. Have we forgotten that our very country was founded on the efforts of a few people with a vision, who were willing to take a risk. The very fabric of our nations industrial lead has been founded on the willingness of a few who risk capitol or their livelihoods on the success of a better way. Significantly most of the great advancements in transportation, communications and telecommunications were the end result of a few key people who took the risk and in the end generated wealth that improved the lives of millions. Cisco was once a start-up, funded by VCGs and has to the betterment impacted the lives of millions. The current telecom economy has greatly buffered the capabilities of tier one players to develop the next generation of technology. When the lights come back up bright, it will be start-ups and risk takers that will be there to deliver the next generation of technology.




GlassyEyed 12/4/2012 | 10:09:49 PM
re: Laid Off, and Leaving Telecom Unemployment benefits are at the discretion of the employer unless the employee is laid off. If the employee is terminated for any other reason (and California it is an employment at will state), the employer can deny the claim.
TruthWillInfect 12/4/2012 | 10:09:48 PM
re: Laid Off, and Leaving Telecom With a layoff on July 2cd of approximately 50% of it's work force, the decimation of it's Cary "R&D" facility and only a few million in the bank, it won't be long now before Corona's demise.

The layoffs were a disgace. As little as two weeks ago, top management was still assuring the team at the group social that they had sufficient resources until the end of the year, and that there would be no layoffs. Looks like their assurances are made of the same substance as their vaporware product.

With the HR manager in tears, security guards on site, the computer and security systems disabled,employees were told to get a box from the lobby and leave immediately. Those laid off were disgusted with the total lack of professionalism in how the layoff was conducted.

Everyone without a management title is now gone. All the little guys, and new hires had to go. Of course the website still lists open positions. And they were still orienting new hires as of last week, while they were preparing final checks for the layoffs.

As to the severance package - they were assured that they'd be mailed a check in two weeks. Why not now? Could this be another "the checks in the mail" dodge?

The assurance that their Cobra would be paid for three months doesn't carry much weight when there's no guarantee that they will be able to keep their doors open that long.

The CFO was overheard stating that recent potential customers were unimpressed. Corona still has not booked a single sale. When are the VC's going to wake up to the fact that there is no product, no market and no possibility of sales and pull the plug? NEA is going to bite the big one on this ...
mc_jaded 12/4/2012 | 10:09:47 PM
re: Laid Off, and Leaving Telecom http://www.ottawabusinessjourn...

"Of the company's approximate 4,000 staff, 3,000 are at based out of the national headquarters located in Ottawa on March Road. Spokesman Ed Goffin said 300 of the cuts will occur there, thereby reducing the local workforce by about 10 per cent. "

As bad as the telecom job market is in Ottawa, it's only getting worse...
datacom 12/4/2012 | 10:09:47 PM
re: Laid Off, and Leaving Telecom TruthWillInfect,

You have a good reason to be pissed of. The problem is not with the middle level managers, but with the scheming duo of so called founder cum-know-mr-all and his buddy CEO sitting in Milpitas. They allow no voice to anyone and run the company as their personal property (of course supported by an impotent board). You don't need to lay off the people with management title since most of them don't last there over a year any way. Any voice of sanity or reality is immediately silenced. Ask suresh, chelum, raghu, ning, krishna kumar, alex, suresh, jim hora etc who were forced out in the last few months from the company. I have dealt with each one of them, and they were all very decent and knowledgeable folks.

I don't know any one in the management team who is older than a year in the company - ask local employees. Some software engineers have had 7 managers/ directors in the last 2 years. With this kind of revolving engineering management team you can't build a real product of this complexity, or can you? But these guys have convinced themselves that they have a real product. You don't need them to lay off management title holders - they leave themselves.

But Mr-know-it-all and his buddy CEO ( let us call them tweeldum and tweeduldee) are and were the one lying and telling every one that the product is ready. None of them has ever seen a working system from the distance of fifty feet. They are continuously fooling investors, fooling board and fooling employees by false promises. They are the one who didn't allow any one of the director to build the system completely. As far the product is concerned, they were almost there last year, but they screwed then onwards.

You want to check other threads.

http://www.lightreading.com/bo...

http://www.lightreading.com/bo...

http://www.lightreading.com/bo...


willywilson 12/4/2012 | 10:09:46 PM
re: Laid Off, and Leaving Telecom Have we forgotten that our very country was founded on the efforts of a few people with a vision, who were willing to take a risk. The very fabric of our nations industrial lead has been founded on the willingness of a few who risk capitol or their livelihoods on the success of a better way. ...

-------

Yeah, but at least they actually invented something. The only fraud artist who contributed to America was P.T. Barnum.
Fiber Lord 12/4/2012 | 10:09:44 PM
re: Laid Off, and Leaving Telecom The problem is very obvious. One individual earlier on this board said that we have to figure out an economic model for data that makes money. Everything else flows from there.

A set of data about 4 years ago showed that 50% of the traffic on the "low fidelity audio" network better known as the PSTN was data. The growth rate differential between data and "low fidelity audio" was enormous, "Low fidelity audio" was growing at something like 3% per year and data was growing at 100% per year. However, the kicker was that "low fidelity audio" made up 80% of the revenue. 15% of the revenue was carrying SNA traffic. Less than 1% was carrying Internet traffic.

This was ignored by almost everyone in the industry. Everyone said somebody will figure out how to make money on the Internet, and the result was that no one did it.

Tom Nolle of Cimi corp in NJ was most enlightened. When he was asked about this dilemma he opined that if the telephone companies can make more money buying bonds than buying equipment that is exactly what they will do.

The solution is equally simple. You must understand what drives the industry and stimulate it. It is not VCs, not CEOs, not government regulators and certainly not technology. It is everyday " Joe Six-packs" living in small town America- the type of person who is not at all like the average high tech worker. We have to go to those small towns; we have to think like those people. And no, they do not make $200,000 a year, fly on business trips all the time, and own PDAs.
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