Pros
The compensation is very good. The engineers and lower management are truly excellent. You will work on something good and exciting.
Cons
Baseband business closure is a good example of why the company will have to change or face extinction. No strategic leadership from CEO or CTO and top management. They are not interested in investing and building organically. Cannot steer a technology. Cannot build engineering organization. They will just acquire next company and put sales targets on them. Then leave the integration mess to managers and excellent engineers bail them out of trouble. There is no real R&D effort, only on the books. R&D is considered what engineering teams come up with themselves. Zero accountability at executive level for repeated failures and missteps in baseband business. Inner circle power dominates business decisions. For these reasons other businesses will start failing over time and when key people leave.