Parallel Wireless continues its painstaking recovery from near extinction in 2022, when it shed at least half of its 850 staff, blaming failure of the burgeoning Open RAN market to advance as quickly as it had hoped and expected. The company had been more guilty than its peers of overreach, as rivals such as Mavenir and Casa Systems came in with smaller staff cuts in proportion to the total. The company’s CEO and founder Steve Papa spun this as right-sizing at the time, blaming global economic conditions and Covid supply chain constraints as major contributors to OpenRAN’s slow pace of adoption. While it is certainly true that the pandemic made many operators more risk averse and slowed down pace of…