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switchrus 12/4/2012 | 10:11:29 PM
re: Laid Off, and Leaving Telecom Interesting numbers, I wonder what the break down of engineering types to ordnary workers is?

Still, that's 500,000 jobs lost!
_________ 12/4/2012 | 10:11:29 PM
re: Laid Off, and Leaving Telecom That's a 10-4 on Gotham....

http://www.nwfusion.com/edge/n...

Don't know about river delta
light-headed 12/4/2012 | 10:11:29 PM
re: Laid Off, and Leaving Telecom I don't know Rex but if he was at Cascade then Ascend then Lucent, he made his 200k salary for many years... probably he made at least 120-200k for 5-6 years... then throw in that his stock options would have split many times and been worth millions. I really don't have too much sympathy for this guy.

Rex, where did it all go??? Did he build a mansion in St. Louis? Did he not sell enough? Did he blow it in the market? Does he just want to be semi-retired and live off his big windfall. This is the real interesting story here...

Hard for anyone to have too much sympathy for the guys who rode the full bubble and now have to sell snap-on tools. Most people who had that ride don't have to work at all anymore.
fiber_diet 12/4/2012 | 10:11:29 PM
re: Laid Off, and Leaving Telecom We all bought into the hype and were blind for not seeing what came at us. To think that only 3% will survive and 1% will stand on their own in the next 5 years, I think Las Vegas has better odds.

People need to accept the reality of the markets and say "it was nice while the party lasted but its time to move on". THE DREAM IS GONE!

The landscape will definetly look much different in 3 years than it does today.

Move on folks.

Good luck.
BlueWater66 12/4/2012 | 10:11:29 PM
re: Laid Off, and Leaving Telecom It is sad to see examples like those above. One question I have ... during the peak years, lots of people with no experience in this industry suddenly becamse "experts". I'd expect most of those to pack-up and leave. From my first have knowledge, most of the truly experience Telecom engineers, marketing staff and sales are remaining in the segment. I'm not too sad to see many of the "gold rush prospectors" get the hell out of Dodge. It is sad to see really experienced people be forced into Snap-on Tools sales.
GlassyEyed 12/4/2012 | 10:11:28 PM
re: Laid Off, and Leaving Telecom Look, everyone in the sector is paid enough to be classified as a top 5% American wage earner ($100K plus) and many are in the top 2%. Should people have prepared for this? Of course. And some did. Others are struggling with how to make the same kind of money. Welcome to the real world where people would do just about anything to earn $100K

Best of luck to everyone who is facing this challenge. Hopefully you've put enough away to invest in your own business or carry you to the next bubble (whatever that is).
GlassyEyed 12/4/2012 | 10:11:28 PM
re: Laid Off, and Leaving Telecom The actual number is somewhat higher. Take into consideration the Start Ups that have laid off numbers under the radar (you don't have to report lay offs until they account for a certain percentage of employees) and those smaller companies that have shut down completely and are not listed here.
opticalwatcher 12/4/2012 | 10:11:28 PM
re: Laid Off, and Leaving Telecom I agree with Blue water. I'm in the telecom sector (still employed, for now). Highly educated (that is bach and masters in comp science). I was making same amount with 10 yrs experience as newbies with just bach degrees (not in every case, but we all know that salaries were wacked out). Now, I understand it was just a fact of the day, but hey, its over. And guess who the first people are out the door? That's right, the newbies without the experience and higher education. Sales people losing their jobs? So what?! People need to remember that although sales is obviously necessary, it was the sales force that screwed companies like lucent (or at least really contributed). Why? A little known (or at least little discussed) fact of life during the late 90's is that sales people promised things that didnt exists or were completely "far-fetched". Lu sales people were selling all kinds of promises and delivery dates that weren't even close to reality. Anyone else out there know what I'm talking about?

I dont feel bad that some overpaid, overbloated sales force is being shown the door. The fact is, the sales force isnt really necessary if the product is right. Ex. I bought a car last month. A real nice toyota truck. I've had toyota before, I know it works, good track record, has some new features. Awesome! Didnt need some smuck selling me the truck. I knew quality before I walked in the door. I didnt need somebody holding my hand to part with my money.

Oh, and dont go telling me that the telecom customer needs the "educated salesperson" to explain the product to the customer. Thats just a bunch of bull. Anyone who believes that is out of touch with the telecom customer.

And 200k a year? oh, boo hoo, you lost your job. boo hoo, boo hoo. Now you have to sell tools and apparently your making 120k per year. Wow, do I feel bad for you. How can you possibly make ends meet on that pitiful salary?

Good luck all and hang in there!
brahmos 12/4/2012 | 10:11:28 PM
re: Laid Off, and Leaving Telecom am certain of riverdeltas rif. friend there.
must be part of the 7K in this round.
fusionboy 12/4/2012 | 10:11:27 PM
re: Laid Off, and Leaving Telecom Look, everyone in the sector is paid enough to be classified as a top 5% American wage earner ($100K plus) and many are in the top 2%. Should people have prepared for this? Of course. And some did. Others are struggling with how to make the same kind of money. Welcome to the real world where people would do just about anything to earn $100K
_______________________________________

What freaking startup planet do you live on Glassyeyed? I can think of a number of startups (components, systems & the like) where the percentage of people making >100k was less than %25(not including options - for many these were never worth anything). And this isn't counting technicians.

As you said "Welcome to the real world" Many of us didn't make >100k. Many of us didn't have the spare income to save for a rainy day (student loans, etc.) We're not complaining - but please, buy a freaking clue, and look outside your Sr. Eng. Cube, or the Management Wing.
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