The communications industry was once glorious...
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Reposted from: WeChat Fresh Dates Classroom
I worked in the communications industry from 2002 to 2008, for two Fortune 500 companies in North America.
When I graduated, telecommunications was the most prosperous industry, bar none. There were many foreign companies, good pay, and high standards.
At that time, Lucent offered 9,300, which was several times higher than the average salary in the industry. The recruitment standards were very high and the positions were in high-end five-star hotels in various places.
At that time, telecommunications were also chaotic. Some projects even kept entire European and American teams in China.
I have been working on a project with a French team in my company for a long time. These French colleagues live in extremely expensive five-star hotels every day, and their taxis are all reimbursed. They take vacations whenever they are working, both French and Chinese. There is a handsome French guy (really handsome) who flies to Hong Kong whenever he takes vacation.
I asked them about their salaries in Paris, which are not that high now, with only 3,000 to 4,000 euros a month for those with many years of experience. The time they spent in China 20 years ago should be enough for them to reminisce for the rest of their lives.
At that time, I worked for a company that provided a business trip allowance of 400 yuan a day. Many teams that traveled frequently became rich with this, and one year's allowance was enough for the down payment on a house in Beijing.
Recently, I happened to meet some old people from the communications industry, but not many of them are doing well now.
A is a man who is about 48 or 49 now. He also has a bachelor's and master's degree in computer science from a prestigious mid-level university. He worked as a manager very early on, but left the telecommunications industry after being laid off by Ericsson at the end of 2014. He was unemployed three times, twice for half a year and once for more than a year. The last update was in 2018, when he stopped working in a Taiwanese electronics factory as a project manager. There was no update after that.
B is a man, about 44 now. He has a bachelor's and master's degree in computer science from a key university. He has been raising his children and trading stocks at home since 2000.
C, female, formerly worked for Sony Ericsson, majored in CS, should be in her early 40s, works in insurance.
D, male, 44, graduated from Beijing University of Posts and Telecommunications, has been concentrating on technology and programming. Now he works in a small startup company as a programmer, his income has not dropped significantly, and it is easy to find a job, but it is tiring.
E Male, 44, CS major from Peking University. First-rate ability, down-to-earth and elegant. Later transferred to a leading Internet company, with a high position.
F, male, bachelor's and master's degree from Xi'an Jiaotong University, 44. After layoffs, he worked in outsourcing and only had work for half a year in two years. Once he ran into an acquaintance, he cried.
G, male, bachelor's and master's degree from South China University of Technology, 44. Not long after starting work, he started to slack off and did unskilled work. He probably hadn't had a serious job for 6 years.
A colleague said in a chat that he was on a business trip in New Jersey and was stopped by an old American lady when shopping in a supermarket. The old lady worked in a supermarket and chatted with her former colleague and said that she saw her former colleague holding a bag with the company logo, and said that she used to work for the same company and participated in the research and development of programmable switches.
——End of post
Xiaozaojun's postscript:
I entered the communications industry in 2006. At that time, 2G was at the end of its development in China and 3G had just started internationally.
When I first joined the company, I heard that the year 2000 was the peak and most profitable time for the telecommunications industry. Old employees received their year-end bonuses in sacks. The leaders also handed out bonuses of tens of thousands of yuan at the annual meeting. You have to know that at that time, the housing prices in Nanjing city were only a few thousand yuan per square meter.
At that time, many old employees were not interested in buying houses near the company, with an average price of 2-3 thousand yuan, and went to the city center, the northwest of the river, and the Crescent Lake in the east of the city. Now, the average price in these places is 70,000-80,000 yuan, or even close to 100,000 yuan.
At that time, it was said that there was a section chief who bought 4-5 houses and became a veritable "Uncle House".
When I started working (in 2006), I took a taxi to the company. When the taxi driver heard that I was a ZX, he immediately asked: "Your company is good, the salary and bonus are several hundred thousand a year, right?"
Unfortunately, I entered the industry late. Later, the communications industry became worse and worse, and I witnessed the decline of the industry completely.
What has happened to the communications industry over the past 20 years? What are the reasons that have led to the current state of our industry?
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