Pros
Very employee friendly, I had a great supportive boss, this is a truly global company and I was lucky to travel and visit many office locations all over the world. My coworkers were really nice. The company generously invests in training. Nokia reflects the Finnish way of life where work life balance is very strongly respected, employee benefits are solid including a 401 k match and generous PTO. I loved the work and being at Nokia and the company consistently lived up to its values. I left Nokia after a round of layoffs but I would return if the opportunity presents again.
Cons
Cash comp was on the lower side and equity was not impressive but there were several other perks (like PTO, 401k match, work life balance) that sort of made up some of the shortcomings. Overall Nokia is still finding its feet after the collapse of its mobile phone business. The mobile networks business while sizable is too cyclical and low margin mostly due to overwhelming opex costs. I also feel Nokia for its revenue and market cap size has a significantly large (>100k) employee base which will continue to hinder the company’s resurgence as a solid and nimble competitor to Chinese and American counterparts. The management is quite unsure and fickle minded about the business beyond mobile networks like software and consumer. So there is a lot of “one step forward and two steps back” initiatives that go around like the Ozo, Digital Health etc.