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colin.evans 12/5/2012 | 12:18:49 AM
re: Laid Off, and Leaving Telecom Please note that "Rich DeSabritus" has never been an employee of Native Networks, nor does he have any association with our company.
_____________________________________
Colin Evans
Director - Marketing & Business Development
Native Networks
switchrus 12/4/2012 | 10:11:36 PM
re: Laid Off, and Leaving Telecom GǣGill, who had earned as much as $200,000 a year in salary and commission, was forced to support his wife and two children on a $200 weekly unemployment check.Gǥ

With all due respect to Gill who lost his job, itGs very hard to garner much sympathy with Joe Six Pack about job losses in an industry that paid so few people so well.

If someone has an account on one of the big research sites, it would be really interesting to see Labor department statistics on what the total hit to employment in the industry has been. From well paid folks like Gil to technicians and production staff making more modest salaries.
brahmos 12/4/2012 | 10:11:36 PM
re: Laid Off, and Leaving Telecom is it true

gotham is all closed now ?

riverdelta (tewksbury,MA) which was acquired by
motorola had a big rif?
jgh 12/4/2012 | 10:11:35 PM
re: Laid Off, and Leaving Telecom Not that anyone should be surprised, but Nortel is cutting its field SE force by 50%. By end of July, there will be approximately 40,000 employess left. that means over 60,000 gone since 2001 looking for jobs. How would you like to be the Lucent and Nortel sales teams supporting Worldcom, Qwest, Global Crossing, etc.
Good luck to everyone!!!
flashhog 12/4/2012 | 10:11:35 PM
re: Laid Off, and Leaving Telecom Yes. Gotham is gone. Rumor mill has it that Appian had layoff yesterday. And i heard Lucent laid off another 5K with the Westford site hit hard.
Who is next? I know QB it bearly treading water.
whats the story with Coriolis, Photonex, Quarry, Integral Access???? Anybody know when/if these guys will kick the bucket?
Fortunecookie 12/4/2012 | 10:11:35 PM
re: Laid Off, and Leaving Telecom but I gave little sympathy to Gill. He should not make $200,000 in the first place anyway. Market is just correcting itself.
Harley 12/4/2012 | 10:11:33 PM
re: Laid Off, and Leaving Telecom I saw a stat today indicating the total was 318,000 jobs, with a possiblity of 100,000 additional.
Ringed? 12/4/2012 | 10:11:31 PM
re: Laid Off, and Leaving Telecom Fourtunecookie,

You can't just look at salary amounts and make blind assumptions. I worked with Rex at Ascend. He came over from the Cascade acquisition. Ascend had plenty of sales and thus revenue. It was in the right spot at the right time. Ascend went from $149 million in sales to over $1.2 billion in the 4 years I worked there. There wasn't a Sr. SE I knew that didn't make $200K a year with salary and commission in 1999 depending on the territory.

Then came the Lucent acquisition, which over paid badly for Ascend. A record setting $24 billion for 3K people. Nearly all are of these folks are gone, a ton laid off.

The problem isn't salary paid to individuals. It is simply Vendor Financing coupled with M&A that has led to this ultimate collapse.

If you will look at all Service Providers and established equipment vendors who are failing or have failed you will see the same set of traits that have led to their demise. Vendor Financing, Over payment and the constant M&A's racked up a pile of debt so large a company (even in a good year) could not make enough revenue to repay the interest on their debt. For the Service providers it was the rush into 200 markets before you made money in a handful on Tier 1 cities.

AT&T, WCOM, Qwest, JDSU, The whole 3G wireless sector, LU, NT, Marconi, Ciena, RBAK, Global Crossing, XO, Covad, Rhythms, North Point, McCloud the list goes on and on. It would be nice to see the M&A total from these few. For example, AT&T paid $100 billion acquiring cable plants only to sell the lot for $60 billion to Comcast.

Ascend at least did three things right. They never over paid on any acquisition, they paid the employees extremely well (noted several times in the Wall St. Journal) with salary and stock, and Sr. Management knew when to sell out.

BTW, LU troubles we're already in motion as they acquired and overpaid for nearly 30 companies. Ascend just happened to be the biggest. Last but not least Cisco had their part to play in all this to.

I wish the best to all Telecom workers. We are in the fight of our lives.


trixie 12/4/2012 | 10:11:30 PM
re: Laid Off, and Leaving Telecom I saw a stat today indicating the total was 318,000 jobs, with a possiblity of 100,000 additional

=================================================

Much bigger than that:

<url>http://news.ft.com/ft/gx.cgi/f...</url>

And this does not include the likes of Gotham, Sycamore, and of course Worldcom's new contribution.....
Harley 12/4/2012 | 10:11:30 PM
re: Laid Off, and Leaving Telecom If you look at a breakdown of Rex's salary, a portion of it was commission.

Being a Product Manager, I have a keen idea of business and how it runs. Trust me, Rex's commission was disproportionate to what Ascend/Lucent's revenue from the sale was. people who work on commission also put some of their salary "at risk" or on the table. That is, they are paid LESS than every one else until they meet their quotas.

The quotas may be BS, but not everyone is cut out for that kind of work.

Just an FYI, I was interviewed for this article, and some of the facts were incorrect. In any event, I thought I was paid a lot, but not nearly as much as I could have been. With the market as bad as it is, take it for all its got and run. Good for Rex!
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