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Ericsson is leaving Kista for central Stockholm, in the largest office lease in Swedish history

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The 71,000-square-metre Hagastaden campus, signed with Atrium Ljungberg and Castellum, ends more than two decades in the suburb once branded Sweden’s Silicon Valley.


Ericsson is moving its global headquarters out of Kista. The Swedish telecoms-equipment maker said on Monday that, starting in 2028, it will gradually relocate its Stockholm operations, including the HQ, R&D functions, group functions, and the Imagine Studio showcase space, to a new city campus in the Hagastaden district, north of central Stockholm.

The numbers attached to the move are substantial. Across new leases with Atrium Ljungberg and Castellum, plus a Castellum agreement Ericsson signed earlier for the Infinity property, the company will occupy roughly 71,000 square metres in Hagastaden across six buildings.

Atrium Ljungberg’s portion alone, three buildings totalling 58,000 square metres on a 15-year contract, is described by the landlord as the largest office lease in Swedish history and the largest known office deal in Europe so far this year.

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Annual rent to Atrium Ljungberg lands at about 360m kronor ($39m) at 2026 levels.

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Castellum’s new pieces, the 9,500-square-metre Emerald House and the 3,500-square-metre Jubileumshuset, carry an annual rental value of roughly 80m kronor, according to the company’s release.

That sits on top of the 24,000-square-metre Infinity contract Castellum signed previously, expected to be ready by late 2027.

Börje Ekholm, Ericsson’s chief executive, framed the move in talent terms.

“With a vibrant location in the heart of the city’s technology collaboration and innovation community, including easy access to our changing business ecosystem, partners and decision makers, Hagastaden is clearly best-placed to address our future operations,” he said in the company’s statement.

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“A thriving city campus will also strengthen our attraction for the top talent of the future.”

The translation is that the Kista calculation no longer works. The suburb in northern Stockholm has spent thirty years marketing itself as Sweden’s Silicon Valley, with Ericsson’s presence as the central evidence.

That story has been deteriorating for several years. Office vacancy rates in Kista ran at 26.7% in the first quarter of 2026, more than double the central Stockholm rate, according to Colliers data cited by Bloomberg.

The facility-management firm Coor Service Management announced its own departure from Kista in late 2024, citing security concerns; reports of organised-crime activity in the surrounding area have become a recurring feature of Swedish business coverage.

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Ericsson’s lease did not name those factors, but the campus calculus is unmistakable.

The deal is a clear positive for the two landlords. Atrium Ljungberg shares rose as much as 5.1% on Monday, the most since April 8, and Castellum gained 2.1%.

Pareto Securities analyst Viktor Byrenius told Bloomberg the agreements were “a sign of strength” for Atrium Ljungberg, which has been working through elevated vacancy across the Stockholm region.

The Hagastaden lease materially shifts that occupancy story for the next decade and a half.

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For Ericsson, the move comes against a quieter recent set of financial prints. The company narrowly missed Q1 profit estimates in April, as the North American 5G upgrade cycle that drove 2024 and early 2025 began to unwind.

Headcount in Sweden has been declining; the company cut roughly 1,200 jobs locally last year.

The Hagastaden campus is being designed for a smaller, denser, more central operation than the sprawling Kista footprint it replaces, which is its own form of strategy statement.

Move-in is phased and slow. Ericsson said the process will begin in early 2028 and run for several years.

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The Infinity building is due late 2027; the rest of the Hagastaden campus is still under construction, on a deck built above one of the city’s major highways. By the time the relocation is complete, Ericsson’s last fixed link to Kista will, in practical terms, be gone.

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UK venture funding doubled to $10.5bn in the first four months of 2026, on the back of three giant rounds

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GlobalData’s count puts the country well clear of the rest of Europe and inside the global top five, but more than 40% of the total came from just three companies: Nscale, Wayve, and Ineffable Intelligence.


UK-domiciled companies raised $10.5bn of venture capital between January and April 2026, roughly double the figure for the same period last year, according to research published by GlobalData on Monday.

Deal volume was down by about 2% year on year, which is the more revealing of the two numbers; the value increase is sitting almost entirely in the size of a handful of late-stage rounds.

Three of those rounds, the firm says, account for more than 40% of the total. Nscale, the British AI infrastructure operator backed by Nvidia, closed a $2bn Series C in March at a $14.6bn valuation, the largest Series C in European history.

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Wayve, the London-based self-driving company, raised $1.2bn in February at an $8.6bn valuation, with Microsoft, Nvidia, Uber, Mercedes-Benz, Nissan, and Stellantis on the cap table.

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Ineffable Intelligence, the AI start-up set up in late 2025 by former DeepMind researcher David Silver, raised $1.1bn at seed in April, at a $5.1bn valuation, in what is now Europe’s largest-ever seed round.

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GlobalData counts 14 deals at or above $100m for the four-month period, of which three crossed the billion-dollar line. The matching period in 2025 had none.

Aurojyoti Bose, the firm’s lead analyst, framed the print as a function of compressed timing rather than a broader base widening: “Total funding surpassed the $10bn milestone in just four months this year, a marked acceleration versus 2025, when it took nine months to reach the same level. A major driver for this value surge was the announcement of some big-ticket deals.”

The country sits comfortably ahead of the rest of Europe on both deal count and value, and inside the global top five, GlobalData says. Its share of global VC deal volume is about 7%, and its share of global value about 3%.

The reading is consistent with the wider European pattern over the same period, in which capital has concentrated at the top of the cap-table stack, late-stage AI infrastructure, foundation-model labs, autonomy, and thinned out at the lower-mid market, which is where the year-on-year deal-count decline appears to have come from.

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Two of the three billion-dollar deals also drew direct UK state participation. The British Business Bank invested in Wayve alongside Ontario Teachers’ Pension Plan, Baillie Gifford, and Schroders Capital; Ineffable received backing from the UK’s Sovereign AI Fund and the British Business Bank, alongside Sequoia, Lightspeed, Nvidia, DST Global, Index, and Google. The state’s hand in the headline number is, at this point, explicit.

Bose closed with a caution on whether this concentrates or distributes: “The UK’s ability to sustain this funding momentum will depend on whether late-stage capital deployment broadens beyond a handful of outsized transactions into a deeper pipeline of growth-stage companies.”

On the current four-month sample, that has not yet happened. Total value crossed $10bn unusually fast; volume did not. The next two quarters will show whether the second number begins to follow the first.

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Zendesk CLO Shana Simmons: Empathy is the new superpower for AI leaders

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Conversations about AI governance rarely drift toward children’s soccer games, meditation routines or the pressure of representation in corporate leadership, but then again, Zendesk Chief Legal Officer Shana Simmons isn’t your typical C-suite exec.

Opening up over breakfast at the company’s annual Relate customer conference, our conversation about AI regulation and enterprise governance quickly turned to empathy, authenticity and identity.

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In Defense of My Attachment to This Lululemon Duffel Bag (2026)

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As we get out of the house, the gear-obsessed WIRED Reviews team is writing about our favorite bags and EDCs. Today, reviewer Boutayna Chokrane raves about her love for her Lululemon gym bag. You can also check out other Bag Check stories where WIRED writers share their carryall of choice.


I have long had a soft spot for messenger bags. There’s a retro Silicon Valley vibe to the crossbody that I respect: It implies you move fast, travel light, and keep your world compartmentalized. The unfortunate practical reality of many a messenger bag, though, is chronic neck and shoulder pain. With all of its weight relying on one strap, a single shoulder is left to bear all the burden. After a few blocks adorned with a messenger, you may feel that your style choice has transformed into a full-on punishment. After years of testing various incarnations of messenger bag—including micro slings and cavernous totes—I’d made peace with this trade-off. Beauty is pain, after all.

Then I met the comfort-forward, durable, and compact-yet-cavernous Lululemon 3-in-1 Duffle.

Lululemon

3-in-1 Gym Duffle Bag 30L

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True to its name, it’s a multi-use transport system that is easy to reconfigure when my commute demands a different carry. You can grab it by the top handles, sling it across your body when you need your hands, or detach the shoulder strap and wrap it around your yoga mat to use it as a stand-alone mat carrier. No matter how you task it to carry your stuff, rest assured the bag’s design promises utility and comfort: The strap is cushioned enough to spare your shoulder, resilient enough to handle the load of your gym gear, and springy enough to double as a stretching strap. Every component of the duffel has a reason to exist, and some of them even have two.

I’ve been toting this duffel for the gym four days a week since January 2025, which is about as real-world a test as it gets. It has endured Chicago at its most extreme: sleet, wet snow, and torrential rain. The water-repellent nylon shrugs off all elements without any fanfare. The bag dries fast, resists grime, and—most impressively to me—doesn’t hold onto odor. Trust me, I’ve pushed that boundary more than once with sweaty clothes after hot Pilates and have found the included drawstring pouch effectively quarantines everything.

It’s also low-maintenance: After a trip to the beach, a couple of quick shakes cleared out any memory of sand. This duffel requires blessedly minimal upkeep, save for the occasional spot clean, making it a refreshingly low-effort option for commuters who don’t need another chore on their to-do list.

The design is deceptively compact. Externally, it presents as a modest and understated gym bag. But peek inside, and you’ll immediately see that this duffel, with its shocking 30-liter capacity, is Poppins-esque. There’s a dedicated shoe compartment on the side that accommodates up to a men’s size 14, though I prefer to use the bottom section for footwear to keep the main cavity flexible. There’s a slot for a 24-ounce water bottle, interior pockets for keys, AirPods, and other small essentials that tend to disappear into bag voids, and there’s still room for a change of clothes, a Theragun, and a dopp kit. Nothing about this bag feels over-engineered, but nothing feels missing, either.

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Battle Of The Telephoto Smartphones

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On the Find X9 Ultra, the primary camera has a 200-megapixel 1/1.28-inch sensor. With a low f/1.5 aperture possible, this is an incredibly versatile camera, built to take in light and work well even in difficult shooting conditions. There’s also a pair of telephoto cameras. The first has a 200MP sensor and can zoom up to 3x (70mm equivalent) for portrait photos and general-purpose shots, while the showstopper is an ‘ultra’ telephoto, capable of 10x zoom at 50MP.

It’s rare, but we’ve seen 10x zoom in smartphones, including, briefly, Samsung’s Galaxy S23 Ultra. However, they weren’t paired with such high-resolution sensors. This offers more detail in shots, as well as the ability to digitally crop down to get even closer to the subject — although you won’t need to nearly as often. The Find X9 Ultra also has a 50MP ultra-wide camera and a 3.2MP multispectral sensor to strengthen white balance and color accuracy.

However, Oppo’s innovative 10x telephoto is the most thrilling part of the phone’s penta camera setup. The 10x optical zoom also opens up the possibility of 20x lossless zoom, all before we start attaching Oppo’s teleconvertor lens. It also has sensor-shift stabilization to improve clarity and reduce the chances of blur. (Vivo has its own solution, which we’ll get to in a minute.)

The 3x telephoto camera is a convenient midpoint between the main camera and its huge sensor and the incredible range of the 10x telephoto. However, Oppo gets a little too keen on computational photography boosting here and I’d often get shots with ghostly outlines, especially of human subjects. Overly aggressive digital sharpening also made some images look unnatural.

Within the camera app (and arguably too many shooting modes), Oppo’s collaboration with Hasselblad gives shooters a Master Mode that blissfully strips away the computational AI tricks and augmentations. This means that while you won’t get that AI nip-tuck on telephoto shots, you also won’t get nightmarish low-res faces or scrambled alien lettering. I broadly preferred it, though I occasionally missed the better low-light performance of the AI-boosted basic photo mode.

The Vivo X300 Ultra has the exact same 1/1.12-inch 200MP main camera sensor, although it has a narrow 35mm focal length, which could be argued to be more “cinematic’. Its aperture can go as low as f/1.85, losing again to its Oppo rival.

The X300 Ultra ultrawide camera, however, performs head and shoulders above the Find X9 Ultra’s version. Unlike most smartphone ultra-wide cameras, which I cynically view as a lazy effort by companies to add another camera to their smartphones, Vivo went to town. To start, Vivo added optical image stabilization (OIS), which is rare for this focal length. This, combined with a 50MP sensor, means images look crisper and more detailed than those from rival devices, which typically use lower-res sensors.

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To Oppo’s credit, its ultrawide camera isn’t bad. The Find X9 Ultra also has a 50MP camera sensor and a lower f/2.0 lens. However, the sensor isn’t as big (the X300 Ultra’s 1/1.28-inch sensor is nearly twice the physical size of the Find X9 Ultra’s 1/1.95-inch sensor ) and it lacks built-in OIS. There’s also a lot less lens flaring on light sources with the Vivo phone, likely due to Zeiss’ anti-reflective lens treatment.

The X300 Ultra’s telephoto (another 200MP sensor) maxes out at 3.7x zoom without a teleconverter and while you can crop down from that for more ‘zoom’, it loses a lot of detail and adds a lot of artifacts in the process. Fortunately, for those looking to punch in further, Vivo has you covered.

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Save $200 on M5 MacBook Air 15 in Amazon Memorial Day Sale

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Save $200 on Apple’s 15-inch MacBook Air for Memorial Day weekend.

Amazon’s $200 discount delivers the lowest price ever on the 2026 15-inch MacBook Air with Apple’s M5 chip.

Amazon’s early Memorial Day deal knocks $200 off the standard M5 MacBook Air 15-inch laptop in your choice of Starlight or Sky Blue.

Buy 15″ MacBook Air M5 for $1,099.99

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This deal delivers the lowest price we’ve seen on the new 15-inch MacBook Air that was released in March 2026. Equipped with Apple’s M5 chip with a 10-core CPU and 10-core GPU, the standard configuration also has 16GB of unified memory and 512GB of storage.

In our hands-on M5 MacBook Air review, we found that although the 2026 release is an incremental update, it’s still an excellent buy for most.

And for those wanting the extra screen real estate found in the 15-inch model, picking it up at the lowest price ever is always a plus.

If you’re looking for additional power and a larger port selection, Amazon is also knocking $250 off every 2026 16-inch MacBook Pro configuration it sells. You can read more about the sale in our deal article.

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Jeff Bezos describes his $38B startup Prometheus for the first time: ‘Nothing to do with robotics’

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Jeff Bezos during a CNBC Squawk Box interview at Blue Origin’s Rocket Park in Merritt Island, Fla., on Wednesday, May 20, 2026.

When CNBC’s Andrew Ross Sorkin described Jeff Bezos’ startup Project Prometheus as being “really about AI robotics” in an interview on Wednesday, the Amazon founder interrupted with a correction.

“It’s a little premature for me to talk about it, but we are not — we have nothing to do with robotics,” Bezos said. He went on to offer the most detailed public description yet of the secretive startup, for which he is co-CEO: Prometheus is developing an “artificial general engineer,” he said, building next-generation tools for designing physical objects. 

Bezos called it “a very, very modern version” of CAD, or computer-aided design, adding that he is “really oversimplifying here,” and reiterating that it’s premature for him to give much detail.

He said Prometheus is “something I got so excited about that I became the co-CEO of the company, putting a lot of time into it, a lot of energy into it.” 

The tools Prometheus is building will “help companies like Blue immensely,” Bezos added, referring to his space venture Blue Origin. However, he said, the company “deserves its own special focus” as “its own big idea” rather than being housed inside Amazon or Blue Origin.

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His comments mark a rare hint of what’s happening inside a company that has operated almost entirely in stealth since news of its formation was reported in November 2025.

Project Prometheus launched with $6.2 billion in funding, led by Bezos and Vik Bajaj, a former Google X executive. Bloomberg reported in April that the company closed a $10 billion round at a $38 billion valuation, with JPMorgan and BlackRock among the investors.

The company has hired roughly 120 employees from firms including OpenAI, DeepMind, Meta and xAI, and operates out of San Francisco, London and Zurich.

Much of the outside reporting on Prometheus has characterized it as focused on robotics and manufacturing automation, which came in part from analyzing LinkedIn profiles of its hires. Bezos’ description Wednesday as a design-tools company focused on engineering physical objects suggests a different ambition, or at least a more specific one.

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Kalshi And Rhode Island Sue Each Other In Latest Challenge To Prediction Markets

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Rhode Island joins other states that have taken similar legal action.

Rhode Island is the latest state to challenge prediction markets on the legality of sports betting within its jurisdiction. As reported by The Providence Journal, opposing lawsuits from the state’s attorney general, Peter Neronha, and Kalshi were filed against each other earlier this week. Neronha sued both Kalshi and Polymarket, accusing the platforms of circumventing the state’s regulations that only allows sports gambling through a singular state-sponsored platform.

However, Kalshi proactively filed its own legal action against Rhode Island arguing that its event contracts, including those predicting the outcomes of sports events, can only be regulated on a federal level by the US Commodity Futures Trading Commission (CFTC). Still, Rhode Island’s attorney general is looking for a permanent court-ordered ban that prevents Kalshi and Polymarket from offering “sports-related events contract” in the state.

“There is no substantive difference between sports betting and ‘events contract’ in this context,” Neronha said in a press release. “Kalshi and Polymarket know that, and we know that.”

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While the dual lawsuits only cover the legality in Rhode Island, its eventual ruling could create a major precedent on how prediction markets operate in other states. Before Rhode Island’s lawsuit, Nevada and New Jersey also sent cease-and-desist letters to prediction market platforms, only to end up in similar legal battles. More recently, Minnesota passed a bill that includes a ban on prediction markets operating in the state, which will likely be contested by the CFTC.

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It’s Like the Olympics – But Steroids Are Allowed

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“Think Olympics on steroids. Literally,” quips the BBC, describing Sunday’s controversial Enhanced Games event in Las Vegas featuring dozens of athletes “using performance-enhancing drugs to try and break world records in track, weightlifting and swimming.

Some $25m (£18.6m) in prize money is up for grabs — with cash prizes for winners… The drugs they use must be legal, and approved by the Federal Drug Administration. But substances like testosterone and human growth hormone — banned by the World Anti-Doping Agency — are not only celebrated here, they’re encouraged and for sale…

Health experts warn that anabolic steroids and growth hormones can cause strokes and cardiovascular damage, among other risks. Event organisers claim Enhanced will push the limits of human performance while critics, especially in the Olympic movement, dismiss it as an affront to the spirit and founding principles of competitive sport…

Earlier this month, the Enhanced Group — the company behind the competition — began trading on the New York Stock Exchange. And the competition is seemingly being treated as an opportunity for Enhanced to sell performance-enhancing medicine and supplements online.
“The project was founded by entrepreneurs Aron D’Souza and Maximilian Martin in 2023,” the artidcle points out, “and has attracted backing from prominent investors including billionaire Peter Thiel and Donald Trump Jr.”

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And NPR adds that “Most of the participating athletes trained for the competition in Abu Dhabi, as part of Enhanced’s own study.”

Enhanced did not break down what specific athletes used which drugs, but they announced on Wednesday in the lead-up to the event that 91% of the athletes competing used testosterone or testosterone esters, 79% used human growth hormone, and 62% used stimulants, such as adderall…

The games have been largely panned by outside medical experts and sports governing bodies. Multiple recent studies assess the harm surrounding the Enhanced Games. Travis Tygart, the CEO of the U.S. Anti-Doping Agency, called the games a “dangerous clown show that puts profit over principle” in a statement. The International Olympic Committee said the games are a “betrayal of everything that we stand for.” The World Anti-Doping Agency (WADA) last year urged U.S. authorities to stop the games. The International Federation of Sports Medicine said in 2024 that they see the medical oversight as “insufficient” to support the
athletes.

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Samsung’s next foldable phones could get a confusing name swap

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Samsung is getting ready to launch two new foldable phones in July, and if a recent leak is accurate, the company is about to flip its naming convention completely, and it’s going to confuse a lot of people.

Tipster Ice Universe has claimed on Weibo that the phone we have been calling the Galaxy Z Fold 8 Wide will actually launch simply as the Galaxy Z Fold 8. The device we expected to be the standard Galaxy Z Fold 8 will instead become the Galaxy Z Fold 8 Ultra. 

While I can see why Samsung is considering the new naming scheme, there’s no denying it’s going to cause a whole lot of confusion. 

Does the name change actually make sense?

I don’t think so. Yes, the wider Galaxy Z Fold 8 Wide is supposedly packing only dual rear cameras and a 4,800mAh battery, and the regular Fold 8 (which will be renamed to Ultra) will pack a triple rear camera system and a bigger battery. So on paper, the better-specced device getting the Ultra name is logical enough.

But the problem is that anyone who has followed the Galaxy Z Fold lineup will walk into a store expecting the Galaxy Z Fold 8 to be a direct successor to the Galaxy Z Fold 7. Instead, they are getting a wider, passport-style device that is a completely different form factor. That is not an upgrade; that is a different product wearing a familiar name.

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Samsung is essentially asking buyers to unlearn years of brand familiarity, and that rarely goes smoothly. Many people will be confused at the point of purchase, and that confusion could easily cost Samsung sales.

Is the Galaxy Z Fold 8 Ultra worth the name?

The Ultra name carries serious expectations, and Samsung better deliver. Rumors only suggest a small spec bump with better cameras and a bigger battery. In fact, leaks suggest that the Galaxy Z Fold 8 will miss out on a number of new features, so Samsung will have to surprise us with something extraordinary to earn the Ultra moniker. 

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Under-trained techie didn’t claim overtime for mistakenly failing to phone it in

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Networks

After making a medical clinic’s network rather ill, she ‘kept working until I somewhat knew what I was doing’

WHO, ME? Welcome once again to “Who, Me?” –
The Register’s Monday column in which we celebrate the
things you get wrong at work, and your skill at emerging unscathed.

This week, meet a reader we’ll
Regomize as “April,” who told us that early in her career, she worked for a
company that operated several medical clinics.

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April admitted she did not feel
she was a great candidate for the job as she had recently completed her CompTIA
A+ certification – one of the most entry-level certs – and had only tangential experience
supporting doctors as they struggled to use a single application.

That résumé was enough to score a
job imaging new PCs, deploying them, and handling whatever other tasks popped up.

“One day I received a task to
convert an unused space into offices, so I loaded an armload of PCs and a dozen VoIP
phones into my car and drove the 45 minutes to the clinic,” April wrote.

“The deployment went
smoothly – or so I thought – because at each of the desks one of the people who
knew what they were doing had already put two network drops, one for the phone
and one for the PC.”

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April was therefore able to
methodically get through the job, then slow down to tackle the slightly tricky
elements.

“Some of the desks needed two
computers,” she wrote. “On those, I was expected to use the secondary Ethernet
port on the phones to get internet to those PCs.”

April hooked everything up with time
to spare and decided to put her feet up for the 15 minutes that remained until 5pm – meaning she would glide into an unusually early end to her working day.

“My paid respite was interrupted
quickly by a nurse who found me and let me know none of the computers in the
entire clinic could access the internet,” April wrote.

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“I wasn’t trusted with any tasks
that could actually break anything, so I was convinced that something major had
happened like a fiber line getting cut, or an outage with our ISP,” she told
Who, Me?

She investigated anyway and found
pings produced no results, so in a panic called head office and hoped
colleagues hadn’t already left for the day.

“I spent maybe an hour running
around frantically searching for anything with one of my superiors giving me
commands over the phone until someone who knew what they were doing could get
to the site and take a look in person,” she wrote.

That person eventually arrived and
quickly spotted the problem: April had made a single mistake by plugging both of
one phone’s Ethernet ports into the network, which disrupted every other
connection.

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“They unplugged one and everything
came back up almost instantaneously,” she confessed. “I was genuinely surprised
they weren’t absolutely furious. They just clapped me on the back and said: ‘Well,
you won’t do that again.’”

April was so upset by her mistake
that she amended her timesheet to record that she finished work at 5pm. “If
anyone deserved an hour and a half of OT, it wasn’t me,” she wrote, adding that
she soon took it upon herself to acquire a networking certification at her own
expense.

“I kept working there for a few
more years until I became one of the people who at least somewhat knew what
they were doing,” she said.

Have you been asked to
tackle a task you weren’t properly trained to complete? Or been hired without
all the necessary skills? In either case, feel free to demonstrate your
storytelling competence by clicking here to share your tale with Who, Me? Let’s shine a light on the shoddy bosses who dumped
you into these messes! ®

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